Home › Forums › Financial Markets/Economics › Interest rates plummet – licking my wounds….
- This topic has 150 replies, 15 voices, and was last updated 13 years, 9 months ago by
(former)FormerSanDiegan.
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May 5, 2011 at 1:29 PM #693782May 5, 2011 at 2:25 PM #692610
Arraya
Participant[quote=CA renter]I Everyone is short the dollar by going into other currencies, commodities, stocks, real estate, etc. They are expecting someone else to pay them more, in dollars, than they paid for these things, IMHO. If everyone who is convinced that the dollar is toast is already in on the trade, who is left to buy things at a higher price? The unemployed/underemployed workers? The poor from the developing nations, whose jobs depend on those (underemployed and unemployed) people in developed nations buying more junk?
.[/quote]
You just described a classic speculative bubble which is grounded in ponzi-dynamics. The bubble burst when it ran out of new entrants.
May 5, 2011 at 2:25 PM #692684Arraya
Participant[quote=CA renter]I Everyone is short the dollar by going into other currencies, commodities, stocks, real estate, etc. They are expecting someone else to pay them more, in dollars, than they paid for these things, IMHO. If everyone who is convinced that the dollar is toast is already in on the trade, who is left to buy things at a higher price? The unemployed/underemployed workers? The poor from the developing nations, whose jobs depend on those (underemployed and unemployed) people in developed nations buying more junk?
.[/quote]
You just described a classic speculative bubble which is grounded in ponzi-dynamics. The bubble burst when it ran out of new entrants.
May 5, 2011 at 2:25 PM #693288Arraya
Participant[quote=CA renter]I Everyone is short the dollar by going into other currencies, commodities, stocks, real estate, etc. They are expecting someone else to pay them more, in dollars, than they paid for these things, IMHO. If everyone who is convinced that the dollar is toast is already in on the trade, who is left to buy things at a higher price? The unemployed/underemployed workers? The poor from the developing nations, whose jobs depend on those (underemployed and unemployed) people in developed nations buying more junk?
.[/quote]
You just described a classic speculative bubble which is grounded in ponzi-dynamics. The bubble burst when it ran out of new entrants.
May 5, 2011 at 2:25 PM #693436Arraya
Participant[quote=CA renter]I Everyone is short the dollar by going into other currencies, commodities, stocks, real estate, etc. They are expecting someone else to pay them more, in dollars, than they paid for these things, IMHO. If everyone who is convinced that the dollar is toast is already in on the trade, who is left to buy things at a higher price? The unemployed/underemployed workers? The poor from the developing nations, whose jobs depend on those (underemployed and unemployed) people in developed nations buying more junk?
.[/quote]
You just described a classic speculative bubble which is grounded in ponzi-dynamics. The bubble burst when it ran out of new entrants.
May 5, 2011 at 2:25 PM #693787Arraya
Participant[quote=CA renter]I Everyone is short the dollar by going into other currencies, commodities, stocks, real estate, etc. They are expecting someone else to pay them more, in dollars, than they paid for these things, IMHO. If everyone who is convinced that the dollar is toast is already in on the trade, who is left to buy things at a higher price? The unemployed/underemployed workers? The poor from the developing nations, whose jobs depend on those (underemployed and unemployed) people in developed nations buying more junk?
.[/quote]
You just described a classic speculative bubble which is grounded in ponzi-dynamics. The bubble burst when it ran out of new entrants.
May 5, 2011 at 2:42 PM #692620NotCranky
Participant[quote=desmond]Yea, everybody was patting themselves on the back not to long ago with their refi rates. Flu must be calling his broker.[/quote]
Yeah and after that free .75% drop , for $2000 I can drop my mortgage another $38/month. Crying in my cornflakes.On top of that I get to raise my rental price $100. Cool beans.
May 5, 2011 at 2:42 PM #692694NotCranky
Participant[quote=desmond]Yea, everybody was patting themselves on the back not to long ago with their refi rates. Flu must be calling his broker.[/quote]
Yeah and after that free .75% drop , for $2000 I can drop my mortgage another $38/month. Crying in my cornflakes.On top of that I get to raise my rental price $100. Cool beans.
May 5, 2011 at 2:42 PM #693298NotCranky
Participant[quote=desmond]Yea, everybody was patting themselves on the back not to long ago with their refi rates. Flu must be calling his broker.[/quote]
Yeah and after that free .75% drop , for $2000 I can drop my mortgage another $38/month. Crying in my cornflakes.On top of that I get to raise my rental price $100. Cool beans.
May 5, 2011 at 2:42 PM #693446NotCranky
Participant[quote=desmond]Yea, everybody was patting themselves on the back not to long ago with their refi rates. Flu must be calling his broker.[/quote]
Yeah and after that free .75% drop , for $2000 I can drop my mortgage another $38/month. Crying in my cornflakes.On top of that I get to raise my rental price $100. Cool beans.
May 5, 2011 at 2:42 PM #693797NotCranky
Participant[quote=desmond]Yea, everybody was patting themselves on the back not to long ago with their refi rates. Flu must be calling his broker.[/quote]
Yeah and after that free .75% drop , for $2000 I can drop my mortgage another $38/month. Crying in my cornflakes.On top of that I get to raise my rental price $100. Cool beans.
May 5, 2011 at 2:42 PM #692625bearishgurl
ParticipantI’ll just follow the slow wagon train on down for $0 … like I always do :=]
May 5, 2011 at 2:42 PM #692699bearishgurl
ParticipantI’ll just follow the slow wagon train on down for $0 … like I always do :=]
May 5, 2011 at 2:42 PM #693303bearishgurl
ParticipantI’ll just follow the slow wagon train on down for $0 … like I always do :=]
May 5, 2011 at 2:42 PM #693451bearishgurl
ParticipantI’ll just follow the slow wagon train on down for $0 … like I always do :=]
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