Posts Tagged ‘price’

“People love simple and preposterous lies. They much prefer them to the truth.  Truth is elusive.  Difficult to discover.  Infinitely nuanced.  Hard to hold on to.  Each tiny bit of truth comes at a high price….  Nor does truth make you feel good. Like a magnifying mirror, it shows blemishes.  You squirm in your seat when you see it.  Often, you want to turn off the lights. 

Not so with myth.  It comes right over to you, fawns over you, airbrushes your photo, and Botoxes your face.  It flatters you with weak light and strong angles.  It pretends you are the noble master and it is merely the humble slave… willing to do your bidding.” -Bill Bonner

“Japan recently announced it was implementing a negative interest rate.  The central banks of Denmark, Norway, and the European Union are already using negative interest rates.  And last week, Janet Yellen, head of the Federal Reserve, said the Fed is considering it, too….  A negative interest rate means the price of money is below zero….  So why are central banks setting negative interest rates?  They’re experimenting.  They hope negative interest rates will lead people to spend more, and borrow more, and invest more.  They hope negative interest rates will lead to economic growth.  Why?  Because if it costs you to keep your money in the bank, you’ll have more incentive to take your money out and spend it.” -Tom Dyson

“It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.” -Thomas Sowell

Stupid Decision

Posted: September 7, 2015 in Thought for the Day
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“It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.” –Thomas Sowell

“…depriving young people of jobs is like depriving pandas of bamboo shoots: It’s all they have.  Older people can watch their stocks, real estate, and bonds go up in price.  A young person can only look at the ‘Help Wanted’ ads… and hope for a break.” -Bill Bonner

Fannie Mae announced that it will offer a HomePath Ready Buyer Program.  They will offer up to 3% toward the purchase price of a home (if they take a home buyer education course).

“That’s right: We’re back to 3% down payments, rebated. And we’re back to the feds (Fannie Mae is a government entity) encouraging people to load themselves down with mortgage debt.  ‘Stimulus’, is what they call it.  ‘A debt trap’ is what it really is.” -Bill Bonner

Fannie Mae is already in receivership with the assistance of the government.  Now, they will be putting even more on their backs with this program.  This low down payment program didn’t end up so well just a few years ago, now it is being reinvented.

Is home ownership “affordable” if someone needs assistance?

Great Price

Posted: June 19, 2014 in Thought for the Day
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Responsibility is the price of greatness.” -Winston Churchill