Discussion about this post

User's avatar
Stephanie James's avatar

China is patient because they have over a 4,000 year history and we only have 250 years. They understand Americans are relatively short-sighted.

I really wish more of us had paid attention in History class.

Bradley  K Monson's avatar

I am still thinking of the essay one of your daughters wrote a few days ago. I think it was Shanley. In the essay she was describing how disconnected the dream of "owning your own home" now, in this current time is so disconnected from actual reality. I remember the dot-com crash 2002 and the housing market crash of 2008. Both of these disasters were preceded by incredible boom times for the elites and later incredible losses for the rest of us. Millions of ordinary Americans lost jobs and homes; only later to be bought up in huge housing tracts and rented back to the very people who used to own them. How is that even possible? I have often wondered if that was actually the plan.

I heard once that "a fish stinks from the head down". Whatever happens in the hallowed halls of Corporate, eventually makes its way south.

Personally, I have never seen so much chaos and overt corruption in any Administration up to this point. How much of that is stifling job growth and causing lenders to hedge their bets? Is it possible to connect the dots from this essay to the essay Shanley wrote just a few days earlier? If so, then, is it possible to achieve an entirely different outcome if everyone of those key decisions that got us here were reversed?

I don't know. But, what I do know is that having a mortgage is probably the single most important asset you could possess when it comes to shielding income from taxes and leveraging its value to allow for more options. Wouldn't that in itself create a more prosperous America?

Ok, there's one other thing I know. Stability is a big deal. When the U.S. is unstable, risk increases. People/institutions pull in, take fewer chances and wait for better times.

I am hoping that all we get out of this is a really good scare. But, so far, if history is any guide, we haven't been that lucky in the past.

19 more comments...

No posts

Ready for more?