tag:blogger.com,1999:blog-24279830.post3642654006452128829..comments2023-09-10T09:42:14.978-04:00Comments on Fears and Frets: Called ItRionn Fears Malechemhttp://www.blogger.com/profile/05998730706323172918noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-24279830.post-30118097085150905282009-11-11T12:04:22.872-05:002009-11-11T12:04:22.872-05:00Michael,
I agree, but I further expect that the...Michael,<br /> I agree, but I further expect that the program will be rolled over indefinitely, and people will be perpetually renting their formerly 'owned' homes.<br />RFMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-24279830.post-14128017322016507952009-11-11T11:37:02.506-05:002009-11-11T11:37:02.506-05:00On its face, the D4L program seems to make sense f...On its face, the D4L program seems to make sense from the lender's prospective. It eliminates much cost in the foreclosure process and fighting from the homeowner. However, from the Debtor or home owner's side, the only real benefit that I see is that the displacement of the occupant is simply stayed for 12 months, with no real opportunity to redeem the property. It is unlikely that at the end of the 12 months the occupant will be in a better position relative to their credit score or financially.Michaelhttp://www.goldsteinandclegglaw.com/bankruptcy_blog/noreply@blogger.comtag:blogger.com,1999:blog-24279830.post-38896433009536313132009-11-09T17:48:56.408-05:002009-11-09T17:48:56.408-05:00I suspect that visionarionism is scale-dependent. ...I suspect that visionarionism is scale-dependent. Perhaps you could up your foresight merely by choosing some larger scale phenomenon. For example, saying the US will succumb to progressive currency devaluation over the coming decades, and that civilization will collapse over the coming century may be a totally doable foresight. On the other end, you might use your crystal ball to forecast that you will eat dinner tonight.<br /><br />But, then, for the latter no one cares because it's trivial, and for the former no one cares because they'll be dead. Yeah, you're right. Stick to two years. It's still impressive.nephosnoreply@blogger.comtag:blogger.com,1999:blog-24279830.post-69589280237600499842009-11-07T17:15:12.501-05:002009-11-07T17:15:12.501-05:0025 months is about right, I think. Predicting that...25 months is about right, I think. Predicting that NEWCAG's policies would end in disaster just got you quizzical looks in the 90s, and people just remember you as a crank.<br /><br />Remember <a href="http://malechem.blogspot.com/2007/10/just-going-through-some-old-email.html" rel="nofollow">2005 was too early.</a> Guys like Nouriel Roubini and Michael Ruppert were hailed as visionaries for yelling doom from 2006 and 2007. Two years is roughly the visionary time frame.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-24279830.post-49452582839274788932009-11-07T14:57:49.231-05:002009-11-07T14:57:49.231-05:00Being proved right is always good for the psyche, ...Being proved right is always good for the psyche, and I wouldn't minimize it by pointing out the time lag. 25 months! That's practically Nostrodamian!<br /><br />If you could narrow down an average length of your foresight, then you'd really be in business.Nephosnoreply@blogger.com