Quote of the Day
For every person crying that the sky is falling I know of another person (you and myself included) sitting on a pile of cash. Ask yourself how many people you know who are hoping to purchase a distressed property in the next year or two. I don’t understand why so many of you are so…
For every person crying that the sky is falling I know of another person (you and myself included) sitting on a pile of cash. Ask yourself how many people you know who are hoping to purchase a distressed property in the next year or two. I don’t understand why so many of you are so negative on NYC market when in reality I’m sure many of you also know people who have a lot of money right now they don’t know what to do with. These people = demand. Nothing is trading right now because everyone is in wait and see mode, but don’t confuse wait and see mode with the preamble to a cataclysmic decline in prices. It might not happen. I am much more bearish on the financial markets and the national real estate market than on NYC market.
— by setancre in Front Page Forum: Walk Away from Downpayment?
Pole-
My original post was a quotation of the last few lines of Canto LXV.
Nothing more and nothing less. The subject is usury.
“you mock Pound’s claim that usury is inherently against nature, this shouldn’t surprise me.”
When did I do that? I agree with you, Pole.
“You really have no idea how the fruits of civilization come forth from the earth, just as the banker can scarcely fathom from where his interest payments come.”
And you’re a commercial broker? Damn, Pole…arent you a part of the problem we’re discussing here?
“Finally, I find it so very comical you have cited a particular song that describes the collapse of our present system of society even when it is happening before your very eyes.”How is that comical? We’re in agreement Pole.
Except I’d say you are one of those academics looking for a puzzle.
“It’s better than any alternative I’ve heard Obama suggest.”
Hillary Clinton was the person to introduce the idea to renegotiate mortgages. This idea has been floating around for months, and IS supported by Obama, but he hopes that the 700 billion has this factored it (it might not).
To suggest that McCain just thought up this idea is absurd.
Oh and how about we all default on our mortgages, so we can then start paying the lower principles when home values here tank?
I’m totally a liberal and even I think this idea kinda sucks.
Prodigal Son
“Really? And what makes you say that? You wouldn’t be making such a bold opinion that one needs to be an artist to understand Pound, would you? Because thats just ~embarrassing~ and juvenile.”
The only thing that is juvenile is butchering one of the greatest poems ever written simply to use potty humor to incite giggles.
The poem obviously doesn’t speak to you, otherwise you would not have attempted to obscure the meaning to the readers of this site. Pound believed the artist to be a promethean bringer of culture and ideas to the masses of aimless rabble. The Cantos was written for those people, not for academics looking for a puzzle.
“An interesting take on Canto LXV. Interesting, and innacurate. At least Rudge, Kenner and Moody would think so.
Ah, Brooklyn. Home of the overeducated and underpaid.”
As for my interpretation of the sexualized lines you parsed together in your previous post, I stand by it. That you don’t understand the relationship between procreation, productive work, and artistic creation simply highlights your own lack of imagination and understanding of human nature. Given you mock Pound’s claim that usury is inherently against nature, this shouldn’t surprise me. You really have no idea how the fruits of civilization come forth from the earth, just as the banker can scarcely fathom from where his interest payments come.
Two of the authors you cite provide relatively little insight into the meaning of the Cantos, and more than anything else – they shy away from his economic theories and don’t even mention his non-poetic writings that would provide more explanation for those ignorant of them such as yourself. As for his violinist mistress, I would LOVE to hear what you have to say about her. Considering she never wrote anything and the only published work citing her personal writings was literally HORRIBLE, I can’t imagine how you could describe her personal views.
Finally, I find it so very comical you have cited a particular song that describes the collapse of our present system of society even when it is happening before your very eyes.
Polemicist,
For someone who calls himself Polemicist, you are surprisingly silent in rebutting my Pound response.
I watched the debate and agree McCain performed poorly while Obama seemed composed and more thoughtful. I’m also no fan of Sarah Palin, but McCain’s mother is 96, so I’ll wager McCain lives another 20 years due to his good genes.
But it’s a big mistake to vote for a president just because he’s more polished, and promises us all kinds of incredible changes. Does anybody really believe, for example, Obama’s promise to create hundreds of thousands of union jobs in alternative energy? When you really think about what he’s promising, it’s insane.
Also, McCain deserves credit for being the only candidate to stress that stabilizing the housing market is the only way this economic crisis will end. I hate the idea of bailing out home buyers, but his 300 billion proposal of buying up bad mortgages and giving homeowners new mortgages they can afford, based on the new lower market values, could help end this recession.
It’s better than any alternative I’ve heard Obama suggest.
“your name was Beaufort when your husband covered you with jewels and your name is Beaufort now that he has covered you in shame”
Spoken by the wealthy Mrs Mignot to her relation, Mrs Beaufort, when the latter visits the old lady under cover of darkness to request a bailout for her husband, who is at the center of a Wall Street panic in 1875.
from “The Age of Innocence”
by Edith Wharton
“it won’t matter since the US will have become just another part of the European Community, no longer the greatest free market democracy on the face of the earth.”
Right……..except for the fact that we’re nationalizing companies right and left — AIG and warrants in companies the gov’t purchases mortgage backed securities from — during this administration.
“Why doesn’t everyone go ahead and watch the debate and come back and post your uninformed drivel. I’ll be here at work actually doing something about the financial crisis.” – lecacal 9:06pm
Can this be tomorrow’s quote of the day?
11217, please, at least have the courage to defend a real viewpoint. Don’t do the “conservatives are stupid” routine. It makes you sound, well, unintelligent.
I guess it’s now even worth trying to stem the inevitable tide on this thread now. Why doesn’t everyone go ahead and watch the debate and come back and post your uninformed drivel. I’ll be here at work actually doing something about the financial crisis.