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May 15, 2008 at 11:45 PM #205733May 15, 2008 at 11:49 PM #205604anParticipant
I don’t disagree with you guys that we need to increase rate. For the sake of the $ and inflation, I completely agree. I just think that the people who control this will do whatever they can to keep the economy humming along for as long as possible and hoping that it’ll correct itself and we start to grow again. I just don’t see Volker type rate hike unless they first admit there is inflation. You can’t even convince everybody that we’re even in a recession yet and based on the # that the government put out, we’re not.
May 15, 2008 at 11:49 PM #205656anParticipantI don’t disagree with you guys that we need to increase rate. For the sake of the $ and inflation, I completely agree. I just think that the people who control this will do whatever they can to keep the economy humming along for as long as possible and hoping that it’ll correct itself and we start to grow again. I just don’t see Volker type rate hike unless they first admit there is inflation. You can’t even convince everybody that we’re even in a recession yet and based on the # that the government put out, we’re not.
May 15, 2008 at 11:49 PM #205686anParticipantI don’t disagree with you guys that we need to increase rate. For the sake of the $ and inflation, I completely agree. I just think that the people who control this will do whatever they can to keep the economy humming along for as long as possible and hoping that it’ll correct itself and we start to grow again. I just don’t see Volker type rate hike unless they first admit there is inflation. You can’t even convince everybody that we’re even in a recession yet and based on the # that the government put out, we’re not.
May 15, 2008 at 11:49 PM #205707anParticipantI don’t disagree with you guys that we need to increase rate. For the sake of the $ and inflation, I completely agree. I just think that the people who control this will do whatever they can to keep the economy humming along for as long as possible and hoping that it’ll correct itself and we start to grow again. I just don’t see Volker type rate hike unless they first admit there is inflation. You can’t even convince everybody that we’re even in a recession yet and based on the # that the government put out, we’re not.
May 15, 2008 at 11:49 PM #205738anParticipantI don’t disagree with you guys that we need to increase rate. For the sake of the $ and inflation, I completely agree. I just think that the people who control this will do whatever they can to keep the economy humming along for as long as possible and hoping that it’ll correct itself and we start to grow again. I just don’t see Volker type rate hike unless they first admit there is inflation. You can’t even convince everybody that we’re even in a recession yet and based on the # that the government put out, we’re not.
May 16, 2008 at 7:34 AM #205650capemanParticipantI don’t think JWM or I disagree with you on the fact that ‘They’ will try to hold rates down as long as possible. What the balance sheet chart tells you is that ‘They’ are almost out of the dry powder to make an effect on target rates. The bond chart shows you what happens when ‘They’ fail and when ‘They’ fail we as taxpayers will be paying dearly for their losses and real rates go to the moon.
May 16, 2008 at 7:34 AM #205700capemanParticipantI don’t think JWM or I disagree with you on the fact that ‘They’ will try to hold rates down as long as possible. What the balance sheet chart tells you is that ‘They’ are almost out of the dry powder to make an effect on target rates. The bond chart shows you what happens when ‘They’ fail and when ‘They’ fail we as taxpayers will be paying dearly for their losses and real rates go to the moon.
May 16, 2008 at 7:34 AM #205731capemanParticipantI don’t think JWM or I disagree with you on the fact that ‘They’ will try to hold rates down as long as possible. What the balance sheet chart tells you is that ‘They’ are almost out of the dry powder to make an effect on target rates. The bond chart shows you what happens when ‘They’ fail and when ‘They’ fail we as taxpayers will be paying dearly for their losses and real rates go to the moon.
May 16, 2008 at 7:34 AM #205752capemanParticipantI don’t think JWM or I disagree with you on the fact that ‘They’ will try to hold rates down as long as possible. What the balance sheet chart tells you is that ‘They’ are almost out of the dry powder to make an effect on target rates. The bond chart shows you what happens when ‘They’ fail and when ‘They’ fail we as taxpayers will be paying dearly for their losses and real rates go to the moon.
May 16, 2008 at 7:34 AM #205785capemanParticipantI don’t think JWM or I disagree with you on the fact that ‘They’ will try to hold rates down as long as possible. What the balance sheet chart tells you is that ‘They’ are almost out of the dry powder to make an effect on target rates. The bond chart shows you what happens when ‘They’ fail and when ‘They’ fail we as taxpayers will be paying dearly for their losses and real rates go to the moon.
May 16, 2008 at 8:03 AM #205670jpinpbParticipantI agree the government will drag this out as long as possible so it will be less painful. I don’t think it will help much, but they will try. I just think of Japan and their lowering of rates and how it did not really help them.
On another note, I reconsider that higher rates will lower houses. I remember somewhere there was a thread that charted rates and housing prices. There was a time when prices were high and rates were high also.
Still, though, I think it’s a different animal this time b/c of the amount of free money, the teaser rates that allowed people to buy double the house – doubling the price. An abrupt turning off the spigot of free money is resulting in declines. I believe raising rates will push prices lower. JM2C.
May 16, 2008 at 8:03 AM #205720jpinpbParticipantI agree the government will drag this out as long as possible so it will be less painful. I don’t think it will help much, but they will try. I just think of Japan and their lowering of rates and how it did not really help them.
On another note, I reconsider that higher rates will lower houses. I remember somewhere there was a thread that charted rates and housing prices. There was a time when prices were high and rates were high also.
Still, though, I think it’s a different animal this time b/c of the amount of free money, the teaser rates that allowed people to buy double the house – doubling the price. An abrupt turning off the spigot of free money is resulting in declines. I believe raising rates will push prices lower. JM2C.
May 16, 2008 at 8:03 AM #205750jpinpbParticipantI agree the government will drag this out as long as possible so it will be less painful. I don’t think it will help much, but they will try. I just think of Japan and their lowering of rates and how it did not really help them.
On another note, I reconsider that higher rates will lower houses. I remember somewhere there was a thread that charted rates and housing prices. There was a time when prices were high and rates were high also.
Still, though, I think it’s a different animal this time b/c of the amount of free money, the teaser rates that allowed people to buy double the house – doubling the price. An abrupt turning off the spigot of free money is resulting in declines. I believe raising rates will push prices lower. JM2C.
May 16, 2008 at 8:03 AM #205772jpinpbParticipantI agree the government will drag this out as long as possible so it will be less painful. I don’t think it will help much, but they will try. I just think of Japan and their lowering of rates and how it did not really help them.
On another note, I reconsider that higher rates will lower houses. I remember somewhere there was a thread that charted rates and housing prices. There was a time when prices were high and rates were high also.
Still, though, I think it’s a different animal this time b/c of the amount of free money, the teaser rates that allowed people to buy double the house – doubling the price. An abrupt turning off the spigot of free money is resulting in declines. I believe raising rates will push prices lower. JM2C.
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