Stimulus Package: not that stimulating after all!

blog entry on stimulus, you can find my other blog entries too! I anayze why the (currently) proposed stimulus package will make darn near zero difference to housing. 1000's of realtors will be saying the opposite soon!

Linky!
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February 06 2009 - Phoenix
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I think your wrong...


It is bound to stimulate massive inflation and anger
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February 11 2009
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define "massive" inflation.

my personal opinion it that monetary inflation is preferable to some kind of long deflationary cycle... especially if the world is willing to accept a 2% yeild on debt that is shrinking by 5% or more/ year... talk about a bargain^_)^

@ azrob, i think you overestimate the critical thinking skills of americans... we have the same problem as the "put my SUV on a new HELOC" mentality that is money X is borrowed or "fake" and money Y is in my banks acct or "real"

ipso flipso i buy a house and get 15,000 dollars. if i buy from a nice man who owns a construction company in trouble, i may get 20k. that is alot of real money to get back when i only need to put up 3.5% and i can always default on the non loan with no clawback penalty and pocket the 10k difference between money down and money back
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February 12 2009
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not that anyone would do that or nothin...

besides the measure was defeated, last i heard ^_)^
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February 12 2009
 
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