Sign In
Register
Help
Next chart is rate action...see the pattern?
This one shows new homes...no collapse in real estate...unlike all other recessions...we have not even gone down yet...Because to do so means the collapse of everything...
Page 1 of 1
3 more charts...
Rate Topic:
#1
Hypertiger 
- Assistant Professor of Stock Proctology
-
- Group: Banned
- Posts: 3,270
- Joined: 16-July 02
Posted 23 May 2004 - 12:34 AM
The chart below shows recessions according to Economagic's database...which are the official recessions as stated by the authorities...There is a pattern. and 66-68 appears to have gone unreported for some reason...
Next chart is rate action...see the pattern?
This one shows new homes...no collapse in real estate...unlike all other recessions...we have not even gone down yet...Because to do so means the collapse of everything...
Next chart is rate action...see the pattern?
This one shows new homes...no collapse in real estate...unlike all other recessions...we have not even gone down yet...Because to do so means the collapse of everything...
"We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money (at the request of the consumer) we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." --Robert H. Hemphill, Atlanta Federal Reserve Bank,1938...
MultiQuote
#3
NWD
- Stock Proctology Intern
-
- Group: Members
- Posts: 497
- Joined: 14-April 04
Posted 23 May 2004 - 03:42 PM
Look out below? We might be at a turning point.
This is from Doug Noland's Credit Bubble Bulletin, May 21, 2004:
" Bloomberg (Kathleen M. Howley): 'U.S. mortgage lending probably will fall to $2.29 trillion this year, Fannie said in a statement. A month ago, the Washington-based company called for $2.58 trillion. Both estimates would make 2004 home-loan volume the third largest ever, down from the record $3.83 trillion lent last year.'"
http://www.prudentbe...blebulletin.asp
This is from Doug Noland's Credit Bubble Bulletin, May 21, 2004:
" Bloomberg (Kathleen M. Howley): 'U.S. mortgage lending probably will fall to $2.29 trillion this year, Fannie said in a statement. A month ago, the Washington-based company called for $2.58 trillion. Both estimates would make 2004 home-loan volume the third largest ever, down from the record $3.83 trillion lent last year.'"
http://www.prudentbe...blebulletin.asp
#4
Hypertiger
- Assistant Professor of Stock Proctology
-
- Group: Banned
- Posts: 3,270
- Joined: 16-July 02
Posted 23 May 2004 - 04:45 PM
NWD, on May 23 2004, 01:42 PM, said:
Look out below? We might be at a turning point.
This is from Doug Noland's Credit Bubble Bulletin, May 21, 2004:
" Bloomberg (Kathleen M. Howley): 'U.S. mortgage lending probably will fall to $2.29 trillion this year, Fannie said in a statement. A month ago, the Washington-based company called for $2.58 trillion. Both estimates would make 2004 home-loan volume the third largest ever, down from the record $3.83 trillion lent last year.'"
http://www.prudentbe...blebulletin.asp
This is from Doug Noland's Credit Bubble Bulletin, May 21, 2004:
" Bloomberg (Kathleen M. Howley): 'U.S. mortgage lending probably will fall to $2.29 trillion this year, Fannie said in a statement. A month ago, the Washington-based company called for $2.58 trillion. Both estimates would make 2004 home-loan volume the third largest ever, down from the record $3.83 trillion lent last year.'"
http://www.prudentbe...blebulletin.asp
That is at least 1.5 trillion dollars that ceases to materialize in the real economic system...a 40% reduction of real estate produced debt inflationary potential...
The most important source of consumer generated debt inflation which fuels the system...
To keep this going the FED would have to start buying/constructing houses...faster and faster...or pay everyone involved to do nothing...and give them raises tied to inflation...The FED is the lender of last resort...not the consumer of last resort...
When you run out of borrowers (Debt consumers) the jig is up.
"We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money (at the request of the consumer) we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." --Robert H. Hemphill, Atlanta Federal Reserve Bank,1938...
Page 1 of 1
