Comments on: We’re richer ’cause we owe more.

By: Anonymous

Anonymous — Wed, 13 Dec 2006 23:08:00 +0000

VHB,Since you are hanging around and we can't post on your site, I have a question.I don't know how they calculate savings rates, but if they use consumption somehow, shouldn't all the drug money be a wash?Not counted as income, but not counted as consumed either? Or maybe any money that isn't in a bank is considered consumed, but then people might keep it under their bed??

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By: Anonymous

Anonymous — Sun, 10 Dec 2006 13:52:00 +0000

Hey VHB! Either you are on vacation or you not.

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By: betamax

betamax — Sun, 10 Dec 2006 13:40:00 +0000

I like how the argument changes from 'prices never go down' and 'its different this time' to 'prices aren't dropping that fast.Exactly. And all these geniuses who claimed that you can't identify a bubble until after it's popped are now miraculously able to discern the bottom before prices rise again.

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By: Van Housing Blogger

Van Housing Blogger — Sun, 10 Dec 2006 13:19:00 +0000

Here is my post on the personal savings rate, in case anyone wants to see the data.

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By: Van Housing Blogger

Van Housing Blogger — Sun, 10 Dec 2006 13:18:00 +0000

"Together we'll all make it through a month without VHB."I prescribe a lot of hand-holding and group hugs.

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By: Anonymous

Anonymous — Sun, 10 Dec 2006 11:45:00 +0000

The moral of the bellhop story is...Never trust Bob Rennie.

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By: digi

digi — Sun, 10 Dec 2006 10:06:00 +0000

Obviously anonymous and Warren are correct: They paid 25, so the 2 dollars the bellboy took should be subtracted from 27 (3x9) not added to it. Its suprising how a simple misleading statement can obfuscate the truth.From freako's link:Clearly, the current real estate market is not experiencing the kind of precipitous drop in values typically seen when investment bubbles burst.Why would a housing market pop all of a sudden? Houses are a lot less liquid than stock which means a long slow grind down seems more likely.I like how the argument changes from 'prices never go down' and 'its different this time' to 'prices aren't dropping that fast.

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By: Freako

Freako — Sun, 10 Dec 2006 07:42:00 +0000

If you want some comedy, check out this nutball from the "prestigous" BMI institute.http://tinyurl.com/y9ca7hHe rails against biased media. As in biased against real estate. There are so many manipulations and inconstencies that you will feel like a kid in a candy store.Here is a teaser:Williams punctuated his bearishness: â€œBut here is the number that really got people's attention today. The median home price fell on a yearly basis by 1.7 percent.â€ "Horrors. 1.7 percent down in 12 months. To put this in perspective, when the stock market bubble burst in 2000, there were days when equity prices dropped a heck of a lot more than 1.7 percent. In fact, when the bear market began in March 2000, the NASDAQ plummeted by more than 30 percent â€“ in just one week."

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By: Anonymous

Anonymous — Sat, 09 Dec 2006 20:38:00 +0000

They checked into a hotel/massage parlour and were rousted by the police and lost the $1 sometime in all that action??

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By: solipsist

solipsist — Sat, 09 Dec 2006 14:55:00 +0000

"..B.C.'s provincial savings rate hit an all-time low of -7.9 per cent in 2004 "and likely retreated further since then."Thanks pope. So much for my "ecyclopaedic" mind. I think it is a recycled mind, and is losing it's integrity with every cycle.I must discontinue eating aluminum foil, and get some treatment for my pica.

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