Capitol Hill Blue Forums Political Issues Finance, the economy & Economics How will the financial crisis develop?

Good post, Frazier. Right on. How quickly we forget that even if people can't get a home loan, they still have to live somewhere, and renters throw more liquidity into the market than buyers because they are paying cash up front for something they don't even own. Good thing your landlord didn't forget that. Hang in there!

I was wondering if someone would be addressing this point:
As Frazier says, we already have that. It doesn't always look that way on paper, because the gubbmint has come up with creative ways to define "employment" - for example, a person who has been without a steady job for so long s/he has stopped looking is now considered "employed".

And look at some of the jobs people take in order to pay the rent: any of you ever worked for a manpower agency? Is that "employment"?

I have two at the moment. I expect they will sell to two people who realize they won't be able to buy that hi def set with their maxxed out cards, and so will settle for a used receiver with mere composite video capabilities.

Lots of fingers and toes. Just kidding. I had already begun working on it when you made your first post. I found the numbers instantly suspect.