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The economy sure is doing bigly numbers!


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Turns out when there is no punishment for ruining the domestic or global economy, people will do the exact same things again. And they will get away with it again.

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Tbh this isn't a big deal as long as the risk is actually being properly costed in mortgage insurance and on the bonds or whatever downstream.

 

Plus people aren't buying homes at a scale that matches 10-15 years ago, expecting the value to skyrocket because of reasons, then selling the home off restarting the cycle

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11 minutes ago, b_m_b_m_b_m said:

Tbh this isn't a big deal as long as the risk is actually being properly costed in mortgage insurance and on the bonds or whatever downstream.

 

Plus people aren't buying homes at a scale that matches 10-15 years ago, expecting the value to skyrocket because of reasons, then selling the home off restarting the cycle

What gives you confidence things are being priced correctly this time?

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4 hours ago, b_m_b_m_b_m said:

Tbh this isn't a big deal as long as the risk is actually being properly costed in mortgage insurance and on the bonds or whatever downstream.

 

Plus people aren't buying homes at a scale that matches 10-15 years ago, expecting the value to skyrocket because of reasons, then selling the home off restarting the cycle

 

Also weren't the derivatives the real reason for the crash?

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2 minutes ago, CitizenVectron said:

Maybe Trump was hit by a time-traveling cosmic ray to the brain, and his apparently demented tweets are actually predictions of the future, he just gets the details mixed up.

 

Nostradotardus

  • Haha 2
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