Essential Economics for Politicians

Bruddah IZ said:
LMAO!!! You and Fries should get married. Nothing more complicated then your jumbled thesis above.
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Which part was too complicated for you? Happy to break it down even further. Although some of it is so basic that a dictionary can even help you.
 
messy said:
Which part was too complicated for you? Happy to break it down even further. Although some of it is so basic that a dictionary can even help you.
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Yes it can. But at some point you have to understand the process. Otherwise you’re just messily stacking words. You write about collateral for a loan which was easy enough and correct. You then contradict yourself by saying “the liability is the loan, not the asset”. Maybe not what you meant. But if you meant that statement to mean that the loan is a liability for the borrower, I am proud of your progress. But people who know finance and real estate know a convoluted understanding when they read it. So just to clarify, the loan is a liability for the borrower?
 
Bruddah IZ said:
Yes it can. But at some point you have to understand the process. Otherwise you’re just messily stacking words. You write about collateral for a loan which was easy enough and correct. You then contradict yourself by saying “the liability is the loan, not the asset”. Maybe not what you meant. But if you meant that statement to mean that the loan is a liability for the borrower, I am proud of your progress. But people who know finance and real estate know a convoluted understanding when they read it. So just to clarify, the loan is a liability for the borrower?
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Yes, the loan is a liability for the borrower. The asset is what the buyer (I.e. borrower) financed with the loan. Not convoluted. Only your misunderstanding of what an “asset” is, as Fries has explained to you several times.
 
messy said:
Yes, the loan is a liability for the borrower. The asset is what the buyer (I.e. borrower) financed with the loan. Not convoluted. Only your misunderstanding of what an “asset” is, as Fries has explained to you several times.
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So far so good. An asset for the lender who has collateralized your debt.
 
messy said:
Stroke of a pen from the cubicle and you served your banker bosses by taking somebody’s home? No wonder you’re such a happy guy.
And no wonder you can’t afford a house. Jeez, what a shit job you have.
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You've been foreclosed on before.....Niceeeee.
 
Sometimes, a three-point celebration is just a three-point celebration. Sometimes, a pep rally is just a pep rally. Sometimes, a smile is just a smile. And sometimes, a hat is just a hat.

Only among the most deranged partisans could a universal sports ritual, a common high school activity, a typical teen face and patriotic headgear be construed as evil symbols of patriarchal oppression.

These, however, are the soul-sapping, lunacy-inducing times in which we live.--Malkin
 
Bruddah IZ said:
So far so good. An asset for the lender who has collateralized your debt.
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Hey, you forgot about the house! I make more than the bank! But they don't pay taxes on their interest (offshore havens) and I pay minimal taxes on the gains I get from selling a capital asset.
The moral of the story is...it sucks to work for your money. You pay full tax rates on income you work for.
 
messy said:
Hey, you forgot about the house! I make more than the bank! But they don't pay taxes on their interest (offshore havens) and I pay minimal taxes on the gains I get from selling a capital asset.
The moral of the story is...it sucks to work for your money. You pay full tax rates on income you work for.
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Fries U!! What a deal.
 
messy said:
Oh I’m sorry...I reminded you that you aren’t the bank or the seller. You’re the guy that the government doesn’t protect...when you work in your cubicle, you pay ordinary tax rates.
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You reminded me that collateralized debt masquerading as an asset feeds the ego’s of those that buy equity by renting cash for 30 years.
 
Bruddah IZ said:
You reminded me that collateralized debt masquerading as an asset feeds the ego’s of those that buy equity by renting cash for 30 years.
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Stay poor and in the cubicle.
Keep paying your landlord so he can gain equity in his asset.
Keep paying your ordinary income tax...although your marginal rate is probably low...
 
messy said:
Stay poor and in the cubicle.
Keep paying your landlord so he can gain equity in his asset.
Keep paying your ordinary income tax...although your marginal rate is probably low...
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We can’t all collateralize as much debt as you can and call it an asset while not generating any income until 20 to 30 years later. Kek U!! What a deal!
 
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