Essential Economics for Politicians

Which asset? The stocks, the bonds, the cash or the houses? You do know they are all "assets," don't you? Maybe not.
And it is true that I have about $2.5m in "collateralized debt" against a couple of those assets...which definitely makes them worth $2.5m less than if I didn't have that debt!
You see how simple that is, Iz? Do you understand how it works?
No need to talk in riddles, like you do because you're so confused.
It's simple and clear.
I understand your understanding of debt. Lol!
 
Or you could explain what you think I donʻt understand. Take your time.
Typical, you can't answer the questions you've been asked while claiming it's " too complicated" for me to understand.

Do you see renting as more financially advantageous than paying a mortgage?
Do you have a bus pass or do you own a car?
 

Donna Brazile Defends Obama over Russian Meddling in 2016 Election

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BRENDAN SMIALOWSKI/AFP/Getty Images
PENNY STARR 20 Apr 2019
Longtime Democrat operative and newly minted Fox News contributor Donna Brazile defended former President Barack Obama and his administration over Russia meddling in the 2016 presidential election, saying she believes they did “everything they could.”
“I think they did everything they could without sounding all of the alarm bells,” Brazile said on Fox News’s The Daily Briefing.


“If Obama did more on Russian meddling, she said, critics would have accused him of trying to help his former Secretary of State, Hillary Clinton, in her race against then-candidate Donald Trump,” Fox News reported.

“He was in a box,” Brazile said of the former president.

“Perhaps President Trump is in a box,” she added, before calling for action to prevent future meddling.


In the Fox report, Brazile claimed it was the Trump campaign that “exploited” information from WikiLeaks, which has suspected ties to Russia.

“Every day, the Trump campaign would get the WikiLeaks information; they would blast it,” Brazile said. “He used it in his daily rallies and daily meetings.”

“Brazile, who served as interim Democratic National Committee chair during the election, backed away from making any determination about whether her party should pursue impeaching the president,” Fox reported.

The Mueller report concluded that neither President Trump nor anyone in his presidential campaign colluded with Russia but stopped short of clearing the president of obstructing justice.


Special counsel Robert Mueller’s decision to leave the obstruction question open has been snapped up as what Democrats have called a “road map for impeachment.”

One of the Democrat presidential candidates, Sen. Elizabeth Warren (D-MA), announced on Twitter on Friday that she supports starting impeachment proceedings.

But Brazile backed away from endorsing an effort to get the president removed from office.

“I think it’s premature to talk about what the next step is,” she said. “Before we can move into what I call the impeachment gear, perhaps we should just dive into this report.”


“Like Brazile, DNC Chair Tom Perez appeared to sidestep impeachment questions on Thursday and said it was unclear whether or not obstruction occurred,” Fox reported.
 
He actually once called it "a wash." Hard to believe at the time. Now I understand how absolutely ignorant he is about financial matters, so it's not surprising.
A wash is when you realize your debt is collateralized by the house that you donʻt own yet consider your asset. Lol!! Fries U!! What a deal. If you were smart youʻde be using your equity to pay off your mortgage. If only.....
 
A wash is when you realize your debt is collateralized by the house that you donʻt own yet consider your asset. Lol!! Fries U!! What a deal. If you were smart youʻde be using your equity to pay off your mortgage. If only.....
You say that because you don’t understand money...as I constantly tell you.
I will pay off both my mortgages if you explain why paying them off is better for me, financially, then keeping them at, Jesus it’s like 3.125%, and making 7% of my money that’s not invested in my houses. So I make the “spread,” do you understand?
See how that works? I would be a dummy to pay off my mortgages.
You are a dummy, so you don’t have money for even a down payment.
And did you know that I have gained massive appreciation in house values and the bank gets none of that?
Good advice, Iz! You know your stuff!
 
Oh, that explains everything, sorry you lost your home.
Lol! Donʻt be sorry. I lost it to a buyer and moved on to the next one about 2 years ago. That one will be paid off in 4 years and 9 months....projected. Unless I find a better deal during the upcoming recession.
 
You say that because you don’t understand money...as I constantly tell you.
I will pay off both my mortgages if you explain why paying them off is better for me, financially, then keeping them at, Jesus it’s like 3.125%, and making 7% of my money that’s not invested in my houses.
See how that works? I would be a dummy to pay off my mortgages.
You are a dummy, so you don’t have money for even a down payment.
And did you know that I have gained massive appreciation in house values and the bank gets none of that?
Good advice, Iz! You know your stuff!
Massive appreciation? Whatʻs your current LTV?
 
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