Cynthia Tucker writes Dumbest Article Ever

#201
#201
droski said:
nah. CDSs blew up all by themselves. The housing market had nothing to do with it. Haven't you watched trading places? Frozen orange juice is the key man!
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that's right. Had nothing to do with the devaluation of the underlying collateral. Was just a financial engineering misstep foisted on the poor investors out there. Investors who, I might add, have no prayer of ever doing any independent due diligence.
 
#203
#203
BigPapaVol said:
that's right. Had nothing to do with the devaluation of the underlying collateral. Was just a financial engineering misstep foisted on the poor investors out there. Investors who, I might add, have no prayer of ever doing any independent due diligence.
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what do you expect when the dirty bastards forced them by gunpoint to buy a house they couldn't afford and to falsify their incomes. an obvious attempt by the rich to widen income disparities and lower the working mans happiness index.
 
#204
#204
droski said:
what do you expect when the dirty bastards forced them by gunpoint to buy a house they couldn't afford and to falsify their incomes. an obvious attempt to widen income disparities and lower their happiness index.
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and perpetuate suburban sprawl thus depriving us of "walkable communities".
 
#205
#205
droski said:
what do you expect when the dirty bastards forced them by gunpoint to buy a house they couldn't afford and to falsify their incomes. an obvious attempt by the rich to widen income disparities and lower the working mans happiness index.
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Income disparity is a HUGE freaking deal. Look at how much less stuff I can buy because Steve Ballmer can buy stuff like pro teams. That absolutely ruins the value of the assets underlying the CDOs out there.

Lay the rich low - problem solved.
 
#207
#207
BigPapaVol said:
Income disparity is a HUGE freaking deal. Look at how much less stuff I can buy because Steve Ballmer can buy stuff like pro teams. That absolutely ruins the value of the assets underlying the CDOs out there.

Lay the rich low - problem solved.
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Did this make sense in your head, or was it supposed to be funny? There is not one credible person who doesn't think large income disparity is a problem in an economy.
 
#208
#208
Ed12111 said:
Did this make sense in your head, or was it supposed to be funny? There is not one credible person who doesn't think large income disparity is a problem in an economy.
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you obviously have never read arthur laffer's work.
 
#209
#209
Ed12111 said:
Did this make sense in your head, or was it supposed to be funny? There is not one credible person who doesn't think large income disparity is a problem in an economy.
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again, you've tried to link this income disparity to the recession and failed miserably in doing so.

Now, explain to me, you being a double major and all, why income disparity is such a dastardly problem for our economy. I understand that it's a big deal in vote getting and class warfare, but fail to understand your linkage here. This should be fun.
 
#211
#211
BigPapaVol said:
again, you've tried to link this income disparity to the recession and failed miserably in doing so.

Now, explain to me, you being a double major and all, why income disparity is such a dastardly problem for our economy. I understand that it's a big deal in vote getting and class warfare, but fail to understand your linkage here. This should be fun.
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you don't get it? when a person sees their neighbor is far richer than they are they get angry and don't spend any money. oh wait. . .
 
#212
#212
volinbham said:
and perpetuate suburban sprawl thus depriving us of "walkable communities".
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For someone who pretended to be so superior and only interested in having a moderate economic analysis of things. You sure love to throw out these hillbilly notions of what a funny straw man would be.
 
#215
#215
droski said:
you don't get it? when a person sees their neighbor is far richer than they are they get angry and don't spend any money. oh wait. . .
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there's no credible person on earth who thinks said disparity is anything but calamitous.

Why, just look at the near immeasurable difference since the tax cuts. The size of the delta is amazingly huge relative to the starting point. Forget that real incomes continued to rise slightly, even in the face of more international competition in the job market, income disparity is devil and a known recession inducer. I mean, who wants capital from the investor class to come into the market? We don't want the wealthy investing so they make money, do we? It's much better when they avoid the investment because the tax burden offsets the potential income so much that they're better leaving their wealth on the sidelines and avoiding risk.
 
#216
#216
BigPapaVol said:
again, you've tried to link this income disparity to the recession and failed miserably in doing so.

Now, explain to me, you being a double major and all, why income disparity is such a dastardly problem for our economy. I understand that it's a big deal in vote getting and class warfare, but fail to understand your linkage here. This should be fun.
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Class warfare lol. How about this show one example of an economy that prospered for any length of time with income disparity as high as ours is right now.
 
#217
#217
Ed12111 said:
For someone who pretended to be so superior and only interested in having a moderate economic analysis of things. You sure love to throw out these hillbilly notions of what a funny straw man would be.
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you, again, are absolutely lost, but don't let that stop you.
 
#220
#220
BigPapaVol said:
there's no credible person on earth who thinks said disparity is anything but calamitous.

Why, just look at the near immeasurable difference since the tax cuts. The size of the delta is amazingly huge relative to the starting point. Forget that real incomes continued to rise slightly, even in the face of more international competition in the job market, income disparity is devil and a known recession inducer. I mean, who wants capital from the investor class to come into the market? We don't want the wealthy investing so they make money, do we? It's much better when they avoid the investment because the tax burden offsets the potential income so much that they're better leaving their wealth on the sidelines and avoiding risk.
Click to expand...

Straw man is taking a pounding.
 
#221
#221
Ed12111 said:
Class warfare lol. How about this show one example of an economy that prospered for any length of time with income disparity as high as ours is right now.
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Presumably, you have no idea of an answer to the question, so this is the result.

Show me any single dot com bubble burst that didn't lead to recession and when you're finished, show me a real estate devaluation that didn't cream an economy. What a cool game.
 
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