Michael Hudson Thinking Quotations
Michael Hudson Quotes about:
Thinking Quotes from:
- All Thinking Quotes
- Hillary Clinton
- Donald Trump
- Cassandra Clare
- C S Lewis
- Taylor Swift
- Ralph Waldo Emerson
- Sherrilyn Kenyon
- Stephen King
- Albert Einstein
- Terry Pratchett
- J K Rowling
- Marianne Williamson
- Rush Limbaugh
- Richelle Mead
- Haruki Murakami
- John Green
- Eckhart Tolle
- Henry David Thoreau
- Neil Gaiman
- Dalai Lama
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Moving Quotes
Now, suppose that a homeowner puts down only 3% of their own money or 3.5% for the FHA. That means if prices go down by only 3%, the house will be in negative equity and it would pay the homeowner just to walk away and say, "The house now is worth less than the mortgage I owe. I think I'm just going to move out and buy a cheaper house." So it's very risky when you have only a 3% or 3.5% equity for the loan. The bank really isn't left with much cushion as collateral.
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Running Quotes
There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they've run up - to pay their mortgage debt, to pay the credit card debt, to pay student loans.
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Safe Haven Quotes
The United States is pushing as policy division of the world into rival currency camps - the dollar area on the one hand, and the Russia-Chinese-Shanghai Cooperation Organization group on the other, especially now that the IMF has changed its rules. People think that if there are rival currency groupings and national currencies are going bust, we might as well use gold as a safe haven.