Why we will not emerge from this recession/why it is fundamentally different from previous ones

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charrison

Lifer
Oct 13, 1999
17,033
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Originally posted by: CADsortaGUY
We're all going to DIE!!!!
Click to expand...

Yes infowars is member of the black helicopter brigade.Just not a credible site. ANd looks like economists are pointing to a v shaped recession at this point.
 
L

LegendKiller

Lifer
Mar 5, 2001
18,256
68
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Not to mention so many of those things are one-point observations without any actual thought behind them. For example, the mortgage reset graph forgets to take into account defaults and refis already occurred, lenders pushing out recasts, rates being low compared to resets...etc.

The defaults on those mortgages have already been "baked" into the RMBS deals, as have the decline in prices on the REO, thus, the capital problem has been absorbed. As far as further declines on prices due to "shadow inventory", I doubt it'll be as bad as this dude wants you to think.
 
First

First

Lifer
Jun 3, 2002
10,518
271
136
Most of those points were either duplicative/redundant (mounting gov't/consumer debt, for example) or are things that are already making their way through committees in Congress (CDO reform, hedge fund regulation, OTC reform, etc.) or are just plain kooky (the contention that unemployment is much higher, shadowstats being a bastion for the crazies).
 
bamacre

bamacre

Lifer
Jul 1, 2004
21,029
2
61
I trust the words on infowars.com like I trust the words out of Bernanke's mouth.
 
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