“A .5% hit to the return on savings hurts, but unemployment would hurt savers even more.”
Did you see what the Saudis had to say about that? It hurts the dollar…it hurts us all. And please spare me the nonsense about cheaper exports. 25 years ago maybe, but unless count Britney Spears and the rest of the crap we export, I don’t want to hear it.
I get your point about unemployment, but that assumes it won’t happen anyway.
As far as flipping goes, well there is a big difference. I din’t leverage my future income…which is precisely what house flippers do and now they are stuck. Second, when my puts were down 2/3, I wasn’t asking to be bailed out by the taxpayers.
