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ApsieGuy
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01 Jan 2011, 9:29 pm

bucephalus wrote:
ApsieGuy wrote:
Asp-Z wrote:
kx250rider wrote:
The people we bought this house in SoCal from, had a brand-new Hummer and a brand-new Mercedes. And they had a loan of 110% on the house 8O ! !! We found out that those people kept up their lifestyle of spending bigtime, and they got foreclosed from their next house, a year or so after they sold us this one to get out from under the debt.


See, that's why we're in recession.



Yep, that's the only reason why we are in a recession : :roll: :roll: :roll:


I'm no economist but I believe there were many many other factors



Are you SURE there there are other factors????I am pretty sure this kid knows what he is talking about( since he's a future Investment banker who's SOLE interest is increasing his income. I am SURE he has worked a few jobs to know how the world is truley structured. It doesn't matter that he hasn't actually worked in corporate America right? He is obsessed with money. Hence, he will make money.


Therefore, everything this kid says must be true.


Asp-Z. I like you. I admire you for your drive and determination. While your goals are realistic. I feel you don't have a realistic idea of how hard it is to become a millionaire or whatever you want to make. I guess I don't know you well enough to determine that though



CaroleTucson
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01 Jan 2011, 10:04 pm

ApsieGuy wrote:
How do you fare in the world? Do people bypass your socially awkward behavior because you have a lot of superficial qualities?


I don't know what "superficial qualities" you're referring to. People react to me according to their own attitudes and perceptions. In the case of men, some find me attractive, some don't. If you're talking about finances, I am financially quite comfortable. More than comfortable.

But I don't flaunt anything, and I very seriously doubt that anyone alters their perceptions of me because of my bank balance.



kfisherx
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01 Jan 2011, 10:15 pm

ApsieGuy wrote:
auntblabby wrote:
i suspect that the number-crunchers for hedge funds, and the brains of silicon valley, have a high representation of HFAs working for them. i am also sure those folk could have their pick of the babes, no matter what they looked like. bill gates never won any beauty contests but his brains more than made up for any shortcomings elsewhere. NT or whatnot, truly attractive people are rare outside of show business/athletics.




I think that would be a bad generalization to make. You might offend a few people on here knowing this forum.


Actually have to think this is a perfectly correct generalization to make if you say that @30% of the people working in High-Tech could be dx Aspergers. :) I have stats to prove it btw... :D :D :D



Nambo
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01 Jan 2011, 10:56 pm

I was quite attractive.
I also got my first house and in an expensive area.
I looked very young to have my own house, the new next door neighbours warned me to watch out for gold-diggers, great I thought, at last, a womans going to want me, even if for mercenary reasons, never happened though, there must be something hidiously unattractive about me, that even good looks and money couldnt counteract.



Cash__
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01 Jan 2011, 11:09 pm

ApsieGuy wrote:
How do you fare in the world? Do people bypass your socially awkward behavior because you have a lot of superficial qualities?


I do fairly good income wise, but it doesn't help. People still avoid me like I have the plague.



Asp-Z
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02 Jan 2011, 7:46 am

ApsieGuy wrote:
Asp-Z. I like you. I admire you for your drive and determination. While your goals are realistic. I feel you don't have a realistic idea of how hard it is to become a millionaire or whatever you want to make. I guess I don't know you well enough to determine that though


Most people have an unrealistic idea of how hard it is.

In regards to what caused the recession... The main tipping point was the housing bubble, fueled by subprime mortgages, right? Now, the consumer banks provided these mortgages because customers demanded them - people were so stupid they didn't see an issue with buying houses with ridiculous unsustainable mortgages they couldn't afford.

Of course, some of the blame must lie with the lack of foresight from the banks who sold these mortgages, but in a free market, businesses tailor their goods to consumer trends. Put simply, they just supplied for the demand they received from consumers. Merchant banks then did little apart from deal with the crap left behind from the consumer banks selling these mortgages to customers - they're used to making profits from mortgages and they did what they needed to in order to continue doing so.

So, yes, idiots who lived above their means are a reason why we are in recession, and they are the sole reason subprime mortgages took off in the first place.