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NY Fed President Wants Consumers to Tap Home Equity: Didn’t We Try That Before?
Mish Talk ^
| 14 August 2017
| Mike “Mish” Shedlock
Posted on 08/16/2017 8:17:57 PM PDT by Lorianne
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1
posted on
08/16/2017 8:17:57 PM PDT
by
Lorianne
To: Lorianne
The deflation situation must be worse than they’re letting on.
2
posted on
08/16/2017 8:20:25 PM PDT
by
Publius
("Who is John Galt?" by Billthedrill and Publius available at Amazon.)
To: Lorianne
No more Debt. I follow Dave Ramsey’s general rules and live below my means.
Who wants to be a debt slave?
3
posted on
08/16/2017 8:20:27 PM PDT
by
Paladin2
(No spelchk nor wrong word auto substition on mobile dev. Please be intelligent and deal with it....)
To: Lorianne
The Fed needs to be shut-down immediately, or they will simply continue to strip Americans of their wealth to give it to bankers and oligarchs.
4
posted on
08/16/2017 8:22:54 PM PDT
by
PGR88
To: Lorianne
New York Fed President William Dudley can tap into his equity and spend pointlessly.
5
posted on
08/16/2017 8:22:56 PM PDT
by
BenLurkin
((The above is not a statement of fact. It is either satire or opinion. Or both.))
To: Lorianne
Why doesn't he tap into his home equity?
6
posted on
08/16/2017 8:24:12 PM PDT
by
Steely Tom
(Liberals think in propaganda)
To: Lorianne
Household debt hasn’t risen, and that’s bad?
7
posted on
08/16/2017 8:24:15 PM PDT
by
ChildOfThe60s
(If you can remember the 60's....You weren't really there)
To: BenLurkin
New York Fed President William Dudley can tap into his equity and spend pointlessly. Yeah, he wants us to tap into our home equity so he can postpone the day he has to tap into his.
8
posted on
08/16/2017 8:24:59 PM PDT
by
Steely Tom
(Liberals think in propaganda)
To: ChildOfThe60s
Household debt hasn’t risen, and that’s bad? To Keynesians, debt makes the economy go.
9
posted on
08/16/2017 8:25:35 PM PDT
by
Steely Tom
(Liberals think in propaganda)
To: ChildOfThe60s
Yes apparently so. Very very bad
10
posted on
08/16/2017 8:25:40 PM PDT
by
Lorianne
To: Lorianne
To: Lorianne
Tapping into your home’s equity is the exact opposite of prudent financial advice. This NY Fed President should be sued for every dime he owns giving advice like this. It is completely irresponsible.
12
posted on
08/16/2017 8:33:42 PM PDT
by
Auntie Mame
(Fear not tomorrow. God is already there.)
To: Lorianne
Your home is not an ATM!!!
13
posted on
08/16/2017 8:43:09 PM PDT
by
Roccus
(I am a white, hetero, male Trump voter. Therefore I am a misogynistic, racist, xenophobic Nazi. /s)
To: Lorianne
I hope he added: “Only a small percentage will lose their homes.” He must be a DemoRat. Maybe William Devane in disguise.
Tap into equity? What’s really needed is boost in the heavy industry sector.
15
posted on
08/16/2017 8:54:45 PM PDT
by
Clutch Martin
(Hot sauce aside, every culture has its pancake, just as every culture has its noodle.)
To: Lorianne
ObamaCare rates will jump 150% and William Dudley will say, “See! You should have done that equity miracle!”
16
posted on
08/16/2017 9:03:20 PM PDT
by
Mark
(Celebrities... is there anything they do not know? -Homer Simpson)
To: Lorianne
well, gee, I’d love to ‘consume’, but, since there are less and less conglomerates that support conservative, Christian beliefs, until I’m ready to blow it all on my bucket list, I’ll keep my equity instead of giving it to the credit companies now. It’s my little way of ‘starving the beast’.
17
posted on
08/16/2017 9:28:31 PM PDT
by
blueplum
( ("...this moment is your moment: it belongs to you... " President Donald J. Trump, Jan 20, 2017))
To: Lorianne
The way to get us to spend money is simply to let Trump MAGA.
All the Establishment’s fighting against him is just stalling the economy.
18
posted on
08/16/2017 9:32:40 PM PDT
by
mrsmith
(Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
To: Lorianne
Tax cuts will give the economy a “shot in the arm” too without asking homeowners to risk their homes during market downturns.
To: Lorianne
Yeah - go into debt to spend more for those who want to leverage anything they can bleed from the Market...
20
posted on
08/17/2017 3:09:40 AM PDT
by
trebb
(Where in the the hell has my country gone?)
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