50 dreams shattered

help me rhonda :Oh crap

Ummm interest rates have increased pretty much since Trump walked in the door.. Which means less borrowing.. It was Obama's reign that saw near 0% interest rates throughout.

How about, buy a car you can actually afford.


Easy...

You act like there's no credit approval process for loans and that people aren't getting laid off by the tens of thousands due to trump's tarriffs.

I didnt know that Russia had a los angeles and san diego!

Much a do 'bout not'n... for now anyway....
Many of those late are government employees.
What else could you expect.

I'm more worried about trump getting us into a war with Iran.
He has been headed that way for more than a year and it looks like he might just pull it off so his bud's in Russia and Saudi Arabia can have higher oil prices and more control of the oil market.

Wrong post.

you seem to overlook that obama was acting in a crisis.
decreasing interests to bring fresh money in the economy is a legit instrument.
but IN A CRISIS !!!!

above on that obama was signing the Dodd Frank act what made it impossible fro banks to give foul credits and hide them inside of fonds and nontransparent papers.

after the dodd frank act took place the loans to private sector decreased and loans to business investions rised.

but last not least, the dodd frank act prevented that taxpayers will pay again for bancrupt banks (what forced them to work with responsability).

i am pretty sure - if the dodd franlk act would come from trump you would praise it over all. but unfortunately trump was the one that canceled it because he had always in mind to hold the normal taxpayers responsable for his BS.

Unfortunately, Both Dodd and Frank helped in large part in creating the crisis, and those few and tiny regulations they created in the aftermath simply insured no stronger rules were applied to the banks and even those have been chipped away by the Republican congress to have little to no effect. The only guy to reverse his thinking on this, that was part of it, was Larry Sumner. And I still don't trust him all that much.

Yes, the banks could do it all again. The best tell tale sign they have little to no meaning anymore is that the banks quit complaining about them.

I want Glass-Steagall (repealed in 1999) fully resumed. That is what the banks feared and why you only had Dodd-Frank act.

Investment banks should not be able to put consumer funds at risk under FDIC.
It never seems to matter what regulations you create, they are just one new financial instrument away from side-stepping them.

but this is actually what they are doing with the help of trump.

he fires up the economy that was already healthy. and he fires the economy on the bill of the small people.

banks are out from the risk because they do not have to pay for what is not paid back at the end.

if you take all this loans to private sector out you can see that trump created a bubble that can not work on longer term because all loans HAVE to be paid back and when they are paid back this money will be missed in the local economy.

i don´t know why that is so hard to understand for trumpers.
all of them can take a loan now and travel around the world and celebrate big parties.
but WHAT they are going to do when the loans have to be paid back ?

it is so easy: if you can not afford to buy a new car today and borrow the money and the day comes to pay it back you will be even less able to buy one.
you can not make money from private consumption. it always leaves the one who takes that loan in a worse situation than before because the money he pays back plus the interest will smaller his future budget. even a kid should understand that.

i assume that trump is working on the next crisis because it is a great chance to make billions and billions for a few people - and he is one of the few.
if you look at the tax-cutt deal for private people you can see even the timing in it.
in 10 years they will be back to normal taxes. but they will not be able to pay back their debts til than.

this is the day when the rich will buy all much cheaper as it was originally from the ones that lend money to buy it.
after all those goods, houses and lands are in the hand of the rich, the price will increase and this is how the rich are making money and the poor and middle class will pay for it.

and even when the country is fucked after that it does not matter for them because they can go to their own clean islands and will not see the chaos they´ve created.

car payments with interest is no joke.

or expensive cars with high interest

Fair reply. I think Russia and Korea would be even more of a shit show now because they would have been dealt with by the old guard which accomplished nothing over the last 12 years.

to give easy credit to people is one of the biggest crimes of our century.
unfortunately the US is build on credits. the economy was always fired up with loans
and nobody ever thought that to the end.

loans for companies and infrastructure are something completely else because they help to make more - loans to consumers work only til all of them are just working for interest and paying back. when this day comes they are a complete fallout for the economy.

I can not understand why people never think this to the end. than they would see what suicide game trump plays.

did you realize that moody´s increased russias credit rating and lowered the same for US ???

did you ? or are you just interested in populistic bullshit written by people with no plan at all ?

so who do you think will be the shit show at the end?

the problem with NK would have been resolved the same way as the iron curtain was resolved.
and this needs time and partners.

regarding partners i can give you a new poll from germany where people get asked what they are most fear and what they understand as biggest problems
in the world.

According to this survey, 56% of Germans now consider the usa to be the greatest threat to world peace.

In 2017, it was still 40% and only 14% believed that 2014

I would say: good bye partners

I've got a paid off ride that's over 12 years old. Gets me to where I need to go. Nothing fancy and certainly not impressive, but no car payments. That's the key - live below your means if possible. Buying things you can't afford is like digging a whole in quicksand.

That's a great policy :thumbsup

Not a good sign :2 cents:

Still trying to figure out what "great again" means...

https://i.imgur.com/p2YmoIr.jpg

Something for people to remember, the article states 3 months is the point where cars are reposessed. So we're talking about millions of people losing their primary way to get to work.

I am the same way. While all of my industry friends were buying Lambos, Ferraris, Porshches, Vipers, and Ford GTs I was driving a Mustang.

I still don't buy cars brand new. Why? Buy a year old car with 20k miles on it, like new, saves a lot of money. I drive a 2012 Jeep Grand Cherokee (Four wheel drive) and I freaking love it; We also have a Challenger and a Jeep Renegade - all bought "slightly used".

Buy used is a great policy :thumbsup

there are much more "not good signs"

i.e yesterday published indicators.

Continuing Jobless Claims 2nd february week - 33.000 over forcast 37.000 over last week (what was already higher than forcast)

core PPI January (=production costs exclude agrar) MoM + 0.3% MoY + 2.6%

Retail sales (including carsales) in december (best month in the year) have been MoM expected +0.3 % but reality is -1.2 %
Year to year forcast was +4.5 % but reality is +2.3

if someone think this effect came from the weak carsales - nope. retail sales EXCLUDING cars have been expected at 0.3% but the real number was -1.8 %

now wait the numbers of today. i assume that export prices increased through the higher core PPI. higher prices means less exports. and this again will lead to a even higher trade deficit (because import prices are on the way down).

how can it be that import prices are on the way down?
it is because chinese are not stupid.

the brought many factories to india, bangladesh and thailand - and those exports are not effected by trumps trade war.

the reality that trump supporters don´t want to see is:

1. the imports under trump increased from monthly 220 billion to 260 billion
export increased only from 190 billion to 210 billion - so and additional trade deficit of monthly 20 billion - great job !

2. in 8 years obama with the biggest financial crisis in the last 100 years the us debt went up from 12 trillion to 19 trillion - so less than 1 trillion per year where most money was used to get out of the crisis (what worked as the US was the country worldwide where the change have happend first).

now let´s see how much new gov.debt trump made in only 2 years and with no crisis:

in 2 years the dept went from 19 trillion to 22,3 trillion what is around 1.5 trillion per year
or 65% MORE per month as obama used within the crisis. great job !

American mentality doesn't make sense, they buy everything on credit. Live paycheck to paycheck and still buy brand new jordans, with no back up if shit fails. Never understood it.

So you have no debt

there was a good artice i was reading this days about the difference between poor, middle class and rich.

unfortunatly i can not find the page anymore but in short it is like this:

poor people

a. they exchange time for money
b. they busing things what they don´t need but can afford (the 99 cent table)
c. they do not (can not)save money

middle class:

a. have a good income but mostly want to be more as they are. thats why they
b. put their money in luxury goods and buy liabilities (leasing bigger cars as they can afford, going at the credit card limit every month)

rich people:

a. earn from values and not from time or work
b. reducing liabilities
c. everything they buy have to make them more money

so if you get a loan to buy something that makes you more money as the interest you pay for - this is not really a loan this is a financed investment.

this is also the reason why you really CAN help an economy with debts but as soon as the interest is more than the benefit it is a one way road.

That's not what you were arguing with me in my real estate thread. Funny now it's a "financed investment."

Glad I could educate you on good debt and bad debt.

You're welcome, Tommy.

Great points :thumbsup

https://media.karousell.com/media/ph...3_6926eae5.jpg

great book

i never denied that.
the opposite is the case as I always said the best long term money invest is real etstate because land i definately limited.

the problem in real estate is when people using all their credit to jump into a market what is overheated. even when you still can pay back your loan there is a big chance that you lose your real estate when the value drops as the bank will only finance a % of the value.

I also told you in this discussion that real estate is NOT YET the problem but car industry is. and as you see now i was right with my prediction.
real estate will drop at the end of this year or beginning of next year.

Germans being asked in surveys who is the biggest threat for the world peace???

god damn things changed in this world :1orglaugh:1orglaugh:1orglaugh:1orglaugh:winkwink: :winkwink:

what is so unusual on that?

every future plan depends on knowing what people want, don´t want and what they are feared from.

keep it that way then, peaceful Germans and Germany :thumbsup:thumbsup:winkwink::winkwink::winkwink:

Oh just fuck yourself right off Tommy. You were berating me in that thread telling me I was an idiot and would never invest in realesate. I totally owned you and you scurried away.

Now you're all for it? hahahaha

God if I didn't have anything better to do I would dig up that thread and rub your nose right in it.

don´t fuck around - post the thread and SHOW IT !!!

in this thread we where talking about FINANCING real estate not about investing in real estate in general.


so come one show it !!!!

Looks appealing

:1orglaugh:thumbsup