Comments on: Let’s Cut the Crap — the Economy Sucks https://themusingsofthebigredcar.com/lets-cut-the-crap-the-economy-sucks/?utm_source=rss&utm_medium=rss&utm_campaign=lets-cut-the-crap-the-economy-sucks 53 years and 204,000 miles of business, CEO, leadership, startup, political, military wisdom Thu, 27 Aug 2015 13:49:00 +0000 hourly 1 https://wordpress.org/?v=5.9.11 By: JLM https://themusingsofthebigredcar.com/lets-cut-the-crap-the-economy-sucks/#comment-2148 Thu, 27 Aug 2015 13:49:00 +0000 http://themusingsofthebigredcar.com/?p=4352#comment-2148 In reply to Cam MacRae.

.
It is a very interesting data point but given the housing crisis one is tempted to think that the “deleveraging” went hand in hand with the foreclosure process whereby a loan on a house was, in effect, “deleveraged” by being cancelled during the foreclosure process.

There is no doubt that there has been a real deleveraging going on.

BRC
http://www.themusingsofthebigredcar.com

]]> By: Cam MacRae https://themusingsofthebigredcar.com/lets-cut-the-crap-the-economy-sucks/#comment-2147 Thu, 27 Aug 2015 13:32:00 +0000 http://themusingsofthebigredcar.com/?p=4352#comment-2147 In reply to JLM.

Fantastic stuff. I just wish they had that complete time series.

Proxy for private sector debt deleveraging. Ultimately debt deflation.

]]> By: JLM https://themusingsofthebigredcar.com/lets-cut-the-crap-the-economy-sucks/#comment-2146 Thu, 27 Aug 2015 13:19:00 +0000 http://themusingsofthebigredcar.com/?p=4352#comment-2146 In reply to Cam MacRae.

.
And what do you think this suggests?

BTW, doesn’t the FRED have some great stuff?

BRC
http://www.themusingsofthebigredcar.com

]]> By: Cam MacRae https://themusingsofthebigredcar.com/lets-cut-the-crap-the-economy-sucks/#comment-2145 Thu, 27 Aug 2015 05:47:00 +0000 http://themusingsofthebigredcar.com/?p=4352#comment-2145 For your consideration, BRC.

]]> By: ( Chuck) Charles C. Clarkson https://themusingsofthebigredcar.com/lets-cut-the-crap-the-economy-sucks/#comment-2142 Wed, 26 Aug 2015 16:38:00 +0000 http://themusingsofthebigredcar.com/?p=4352#comment-2142 Being a Consulting Architect ,a loss of inventory hit us hard ,especially in the smaller cities in the Northwest.The ATX-MSA is much stronger ,yet is a indicator. The first 1 tril. we should of paid back is to China. It would interesting to see where all that development capital comes from. It’s hard to comment to the big red car when you stand on a skateboard,yet wheels are wheels….

]]> By: Susan Rubinsky https://themusingsofthebigredcar.com/lets-cut-the-crap-the-economy-sucks/#comment-2141 Wed, 26 Aug 2015 14:27:00 +0000 http://themusingsofthebigredcar.com/?p=4352#comment-2141 In reply to JLM.

WOW.

]]> By: JLM https://themusingsofthebigredcar.com/lets-cut-the-crap-the-economy-sucks/#comment-2140 Wed, 26 Aug 2015 14:21:00 +0000 http://themusingsofthebigredcar.com/?p=4352#comment-2140 In reply to Susan Rubinsky.

.
$1200 per month in the summer

BRC
http://www.themusingsofthebigredcar.com

]]> By: Susan Rubinsky https://themusingsofthebigredcar.com/lets-cut-the-crap-the-economy-sucks/#comment-2139 Wed, 26 Aug 2015 14:14:00 +0000 http://themusingsofthebigredcar.com/?p=4352#comment-2139 In reply to JLM.

That is quite a large home. What does it cost to cool that place in TX?

I like the idea of small homes (or even cottages) in several places. Have contemplated that for some time now.

]]> By: JLM https://themusingsofthebigredcar.com/lets-cut-the-crap-the-economy-sucks/#comment-2138 Wed, 26 Aug 2015 14:08:00 +0000 http://themusingsofthebigredcar.com/?p=4352#comment-2138 In reply to Susan Rubinsky.

.
The last chapter of the American Dream — the one about owning one’s home — is being revised. No doubt about that.

People want less home.

The Boss is selling his 6000 SF monstrosity and buying a couple of smaller ones in better places.

BRC
http://www.themusingsofthebigredcar.com

]]> By: Susan Rubinsky https://themusingsofthebigredcar.com/lets-cut-the-crap-the-economy-sucks/#comment-2137 Wed, 26 Aug 2015 13:48:00 +0000 http://themusingsofthebigredcar.com/?p=4352#comment-2137 Interesting. I am wondering if this is due to fallout from the last recession. Are sellers asking for prices higher than market value when trying to sell due to being underwater on mortgages? There are a lot of houses for sale in my neighborhood. It’s a completely flooded market here in Fairfield County, CT. Almost all of the houses on the market that I see are overpriced (I get a daily email of listings because I like watching this stuff). Wondering if this is a nationwide trend.

Also, how much of the population does not want to own a home? (I don’t. I love renting. Don’t want the responsibility of owning. Of course that’s perfectly qualitative.) Is there a cultural shift to non-ownership?

]]>