Flip This Economy

Yes indeed, the 4am buy homes with no money down infomercialists for the last 15 years destroyed the housing market.
Kind of like faulting the guy on Canal selling Louis Vuittons for the counterfeit product problem we have.

Did you actually read the report, or are you just talking out of your ass?

Jason, very very few people can use their ass for talking. Just because you can doesn't mean that everyone else around you can.

Jason, the report is garbage. It says that the speculation in housing was all about availability of mortgages and nothing to do with FED policy of ultra low interest rates. All of our successive speculative bubbles are directly related to the debasement of our currency (low rates on money). When capitalists or banks cannot earn an acceptable return on their capital, they'll do anything to create speculative bubbles in order to make money on asset appreciation. Alan Greenspan, the maestro of low interest rates, wrote many pieces on the affect of low interest rates on housing values.

well put, PMG

So, the tulip bubble was caused by the Fed?

The internet stock bubble was quickly followed by the real estate bubble. I don't think the tulip bubble had such an aftermath.

Sure, economies were generally a lot slower-moving in the 1600s. There was a pretty steady stream of boom/bust cycles throughout the 1800s, though, that I think you'd be hard-pressed to blame on the Fed, either. For that matter, why did Euro-based economies like Spain and Ireland go through the exact same housing bubble if the cause was debasement of the dollar due to Fed policies?

Yes Jason, and did you read the very first sentence?
"An old pearl of wisdom from the Great Depression held that investors should have known it was time to sell when shoeshine boys started handing out stock tips"

Reread 12 or 20 times, then reread what I wrote.
Maybe you wont be the ONLY ONE who didnt understand me.
I wish at least you spoke out of your ass,then I'd be less concerned about our education system.