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Home › Forums › Financial Markets/Economics › Article: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

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  • May 15, 2009 at 8:27 AM #15686
    SD Transplant
    Participant

    If this holds true, how would this impact the RE market/prices? I expect if interest rates will be sky high, prices will drop to track some level of affordability per wages. Now, if this bring big time inflation (hyper inflation), I just can’t imagine receiving an 8% raise every year to adjust for cost of living…..This is another article that makes you go “hmmmm” vis-a-vis our future/RE forecast.

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    “May 14 (Bloomberg) — President Barack Obama, calling current deficit spending “unsustainable,” warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.

    “We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”

    Holders of U.S. debt will eventually “get tired” of buying it, causing interest rates on everything from auto loans to home mortgages to increase, Obama said. “It will have a dampening effect on our economy.”

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aJsSb4qtILhg&refer=worldwide

    May 15, 2009 at 11:59 AM #399627
    AK
    Participant

    Yet Krugman says we’re not spending enough.

    May 15, 2009 at 11:59 AM #399878
    AK
    Participant

    Yet Krugman says we’re not spending enough.

    May 15, 2009 at 11:59 AM #400108
    AK
    Participant

    Yet Krugman says we’re not spending enough.

    May 15, 2009 at 11:59 AM #400166
    AK
    Participant

    Yet Krugman says we’re not spending enough.

    May 15, 2009 at 11:59 AM #400312
    AK
    Participant

    Yet Krugman says we’re not spending enough.

    May 15, 2009 at 12:14 PM #399632
    Rt.66
    Participant

    This is what Bob has been posting about.

    The Gov. has moved heaven and earth to get rates down this low. Its unnatural and not sustainable.

    This spring is one last coat of lip stick on the pig. One last chance to sucker a few fence stitters into buying while we enjoy the calm at the eye of the shitstorm.

    Higher rates are coming and they bode unwell for RE.

    May 15, 2009 at 12:14 PM #399883
    Rt.66
    Participant

    This is what Bob has been posting about.

    The Gov. has moved heaven and earth to get rates down this low. Its unnatural and not sustainable.

    This spring is one last coat of lip stick on the pig. One last chance to sucker a few fence stitters into buying while we enjoy the calm at the eye of the shitstorm.

    Higher rates are coming and they bode unwell for RE.

    May 15, 2009 at 12:14 PM #400113
    Rt.66
    Participant

    This is what Bob has been posting about.

    The Gov. has moved heaven and earth to get rates down this low. Its unnatural and not sustainable.

    This spring is one last coat of lip stick on the pig. One last chance to sucker a few fence stitters into buying while we enjoy the calm at the eye of the shitstorm.

    Higher rates are coming and they bode unwell for RE.

    May 15, 2009 at 12:14 PM #400172
    Rt.66
    Participant

    This is what Bob has been posting about.

    The Gov. has moved heaven and earth to get rates down this low. Its unnatural and not sustainable.

    This spring is one last coat of lip stick on the pig. One last chance to sucker a few fence stitters into buying while we enjoy the calm at the eye of the shitstorm.

    Higher rates are coming and they bode unwell for RE.

    May 15, 2009 at 12:14 PM #400317
    Rt.66
    Participant

    This is what Bob has been posting about.

    The Gov. has moved heaven and earth to get rates down this low. Its unnatural and not sustainable.

    This spring is one last coat of lip stick on the pig. One last chance to sucker a few fence stitters into buying while we enjoy the calm at the eye of the shitstorm.

    Higher rates are coming and they bode unwell for RE.

    May 15, 2009 at 12:16 PM #399637
    nostradamus
    Participant

    Bode unwell or bode well? More affordable RE is a good thing IMO.

    May 15, 2009 at 12:16 PM #399888
    nostradamus
    Participant

    Bode unwell or bode well? More affordable RE is a good thing IMO.

    May 15, 2009 at 12:16 PM #400118
    nostradamus
    Participant

    Bode unwell or bode well? More affordable RE is a good thing IMO.

    May 15, 2009 at 12:16 PM #400177
    nostradamus
    Participant

    Bode unwell or bode well? More affordable RE is a good thing IMO.

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