tag:blogger.com,1999:blog-16179347.post214416968136605376..comments2023-10-02T18:02:52.243+10:00Comments on 3 Word Slogan: Corporate Socialism – The American Way?Cartledgehttp://www.blogger.com/profile/11929350278316125588noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-16179347.post-10319587011923587952008-07-17T16:15:00.000+10:002008-07-17T16:15:00.000+10:00Diva we occasionally, elsewhere, reflect on people...Diva we occasionally, elsewhere, reflect on people of the thespian persuasion. I have to say here and in the US I get a real thrill seeing the greats (and just contemporaries generally) growing older graciously. <BR/>A wrinkle or even graying gives me an odd sense of comfort. I saw an interview Meryl Streep recently and was in awe that she was still the same Streep only older.<BR/>But even Cartledgehttps://www.blogger.com/profile/11929350278316125588noreply@blogger.comtag:blogger.com,1999:blog-16179347.post-44716010108949024992008-07-17T10:16:00.000+10:002008-07-17T10:16:00.000+10:00Ah, Cart, I'm proud of my wrinkles. Not so much t...Ah, Cart, I'm proud of my wrinkles. Not so much the grey hair, but the wrinkles.<BR/><BR/>And at this point, having lived alone for 17 years, communal living is less appealing. I've done it, both as a hippie and as a "pioneer" in Israel. It requires compromise that I don't always want to make.DivaJoodhttps://www.blogger.com/profile/02534571327558009753noreply@blogger.comtag:blogger.com,1999:blog-16179347.post-5008966624099734802008-07-17T07:16:00.000+10:002008-07-17T07:16:00.000+10:00Diva, it might come down to creative personal resp...Diva, it might come down to creative personal responses. At least, (and meaning it kindly :) you witnessed the way it works first time around.<BR/>I did too, and communal living is too ugly for me to contemplate.Cartledgehttps://www.blogger.com/profile/11929350278316125588noreply@blogger.comtag:blogger.com,1999:blog-16179347.post-9643433251751104812008-07-17T06:01:00.000+10:002008-07-17T06:01:00.000+10:00Foreclosures, new condo conversions being sold at ...Foreclosures, new condo conversions being sold at auction - it is a serious mess. Because I am not an economist, and because I am actually struggling with my mortgage and with falling prices, I feel this problem first hand. <BR/><BR/>Several friends of mine have been talking about all selling our homes and buying something together, and creating our own commune. Why not? It could work for us.DivaJoodhttps://www.blogger.com/profile/02534571327558009753noreply@blogger.comtag:blogger.com,1999:blog-16179347.post-42569620705139962772008-07-16T12:49:00.000+10:002008-07-16T12:49:00.000+10:00Lindsay, without question I accept your argument; ...Lindsay, without question I accept your argument; your logic on these issues continues to be unerring.<BR/>My issue is how to get complex messages through to a relatively uninformed base.<BR/>I doubt we have even begun to break the confusion between markets and the economy. To make it worse, we are now reflecting on the market effect on the economy that is unrecognised.<BR/>I admit I come at it Cartledgehttps://www.blogger.com/profile/11929350278316125588noreply@blogger.comtag:blogger.com,1999:blog-16179347.post-8613879389291363552008-07-15T23:27:00.000+10:002008-07-15T23:27:00.000+10:00Dynamic provisioning by financial institutions (an...Dynamic provisioning by financial institutions (anticipating bad debts and failures in the future based upon both past experiences combined with realistic hard nosed forecast scenarios) would have provided for most of the fallout from both the sub prime losses, associated failures and house price diminution by now. <BR/><BR/>I agree with you that you would think the regulators would have been lindsaylobehttps://www.blogger.com/profile/16774918551798647046noreply@blogger.comtag:blogger.com,1999:blog-16179347.post-27960262048835383582008-07-15T17:24:00.000+10:002008-07-15T17:24:00.000+10:00Lindsay, thank you for filling it out. Still, the ...Lindsay, thank you for filling it out. Still, the thing that continues to concern me is the way potential moves are being signaled so publicly. <BR/>Could you imagine the Aussie equivalents to the US Fed and legislature handling an issue like this so openly?<BR/>Mind you, the last time I recall a bail out here it was John Howard’s brothers company, and I’m sure Howard would have preferred secrecyCartledgehttps://www.blogger.com/profile/11929350278316125588noreply@blogger.comtag:blogger.com,1999:blog-16179347.post-9851086309479312422008-07-15T14:42:00.000+10:002008-07-15T14:42:00.000+10:00It’s yet another chapter in this saga of bad news ...It’s yet another chapter in this saga of bad news arising from bad lending processes, what is becoming increasingly ugly.<BR/><BR/>With over 5 trillion in mortgages and only 80 Billion in capital Fannie & Freddie were always very highly leveraged, relying on house price appreciation.<BR/><BR/>Operating under an implied Government guarantee and an objective to increase the availability of home lindsaylobehttps://www.blogger.com/profile/16774918551798647046noreply@blogger.com