Home › Forums › Financial Markets/Economics › Interest rates plummet – licking my wounds….
- This topic has 150 replies, 15 voices, and was last updated 12 years, 11 months ago by (former)FormerSanDiegan.
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May 5, 2011 at 1:29 PM #693782May 5, 2011 at 2:25 PM #692610ArrayaParticipant
[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 #692684ArrayaParticipant[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 #693288ArrayaParticipant[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 #693436ArrayaParticipant[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 #693787ArrayaParticipant[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 #692620NotCrankyParticipant[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 #692694NotCrankyParticipant[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 #693298NotCrankyParticipant[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 #693446NotCrankyParticipant[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 #693797NotCrankyParticipant[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 #692625bearishgurlParticipantI’ll just follow the slow wagon train on down for $0 … like I always do :=]
May 5, 2011 at 2:42 PM #692699bearishgurlParticipantI’ll just follow the slow wagon train on down for $0 … like I always do :=]
May 5, 2011 at 2:42 PM #693303bearishgurlParticipantI’ll just follow the slow wagon train on down for $0 … like I always do :=]
May 5, 2011 at 2:42 PM #693451bearishgurlParticipantI’ll just follow the slow wagon train on down for $0 … like I always do :=]
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