Turn Off Ads?
Page 2 of 2 FirstFirst 12
Results 16 to 21 of 21

Thread: Economucs Questions

  1. #16
    THAT'S A FACT JACK!! GAC's Avatar
    Join Date
    Apr 2001
    Location
    Bellefontaine, Ohio
    Posts
    26,672

    Re: Economucs Questions

    Economucs?

    I think you must have been sitting beside me in Spelling class!
    "panic" only comes from having real expectations

  2. Turn Off Ads?
  3. #17
    Member durl's Avatar
    Join Date
    Aug 2006
    Location
    Nashvull
    Posts
    1,749

    Re: Economucs Questions

    Regarding the mortgage problems going on today, it's quite possible that Congress paved the way. Laws passed 20 years ago changed the way lendors operate. From Fortune Magazine:

    Says Patricia McCoy, a law professor at the University of Connecticut: "Congress never likes to blame themselves, but in this case there's no question they bear some of the responsibility." Indeed, only now is Congress talking about enacting some tougher regulations that they could and should have pushed through 10 or 20 years ago.

    McCoy points to two key pieces of legislation that are at the root of the current mortgage crisis: the Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA) and the Alternative Mortgage Transactions Parity Act of 1982 (AMTPA).

    The former abolished state usury caps that had limited the interest rates banks could charge on primary mortgages - and, in the process, gave banks more incentive to make home loans to folks with less-than-perfect credit. - http://money.cnn.com/2008/01/30/real...tune/index.htm
    The full article goes into more detail. This could very well be another case of politicians passing laws that seem good up front (especially to voters) but they don't consider what their actions will have in real life and real markets.

  4. #18
    Member dman's Avatar
    Join Date
    May 2004
    Location
    Grove City, Ohio
    Posts
    1,385

    Re: Economucs Questions

    Quote Originally Posted by GAC View Post
    Economucs?

    I think you must have been sitting beside me in Spelling class!
    It was early when I posted this and the "i" is right next to the "u" on the keyboard.

    It might also be the hillbilly coming out in me.

  5. #19
    2009: Fail Ltlabner's Avatar
    Join Date
    May 2006
    Location
    Cincinnati
    Posts
    7,441

    Re: Economucs Questions

    Simple economics: During boom times sock away as much money as you can. Durring down times lean on credit if you must.

    Unfortunatley far too many people have done the exact oppisate thing. Spent like mad and used up all the credit they could get during the boom years of the 90's and post 2001 (without saving a dime). Now times are getting a little worse and they have nothing to fall back on and credit is getting harder to come by (especially if you abused it when times were good).

    I know it's boring and goes against the grain of "get it now" but you simply must save what you can during the good times and only access credit when neccessary or financially wise to do so. I can hear my grandfather and father giving me that speach as I type this, but good advice is good advice.
    Last edited by Ltlabner; 03-20-2008 at 05:14 PM.
    a super volcano of ridonkulous suckitude.

    I simply don't have access to a "cares about RBI" place in my psyche. There is a "mildly curious about OBI%" alcove just before the acid filled lake guarded by robot snipers with lasers which leads to the "cares about RBI" antechamber though. - Nate

  6. #20
    Danger is my business! oneupper's Avatar
    Join Date
    Jun 2004
    Location
    Back in Florida
    Posts
    8,155

    Re: Economucs Questions

    A tip for the college kids out there: take a Macroeconomics 101 course if you can.

    You won't learn how the economy "works" (not even economist know that), but it will give you the jargon to BS with the best about economic affairs at parties and family gatherings.
    "A person is smart. People are dumb, panicky, dangerous animals and you know it."

    http://dalmady.blogspot.com

  7. #21
    Posting in Dynarama M2's Avatar
    Join Date
    Sep 2000
    Location
    Boston
    Posts
    28,163

    Re: Economucs Questions

    We should remember the dollar was awfully strong 10 years ago when interest rates were extremely low. Not building up any more federal debt and then paying it down would probably be a net positive - stability begets confidence, begets long-term investment, spurs business activity, increases the GDP and strengthens the job market.
    Baseball isn't a magic trick ... it doesn't get spoiled if you figure out how it works. - gonelong

    I'm witchcrafting everybody.


Turn Off Ads?

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Board Moderators may, at their discretion and judgment, delete and/or edit any messages that violate any of the following guidelines: 1. Explicit references to alleged illegal or unlawful acts. 2. Graphic sexual descriptions. 3. Racial or ethnic slurs. 4. Use of edgy language (including masked profanity). 5. Direct personal attacks, flames, fights, trolling, baiting, name-calling, general nuisance, excessive player criticism or anything along those lines. 6. Posting spam. 7. Each person may have only one user account. It is fine to be critical here - that's what this board is for. But let's not beat a subject or a player to death, please.

Thank you, and most importantly, enjoy yourselves!


RedsZone.com is a privately owned website and is not affiliated with the Cincinnati Reds or Major League Baseball


Contact us: Boss | GIK | BCubb2003 | dabvu2498 | Gallen5862 | LexRedsFan | Plus Plus | RedlegJake | redsfan1995 | The Operator | Tommyjohn25