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barnaby33ParticipantI was just about to, you beat me to it Radelow!
What I so seriously dislike about Ron Paul is that he doesn’t really ask a question, he rants. At the very end of his rant he asks a leading question. This is why Bernanke and the FED must love him. He makes people who dislike fiat currencies seem like loonies. If you could just engage in a clear headed debate with BOB and put that on youtube, it would probably get a lot more, and more serious attention.
Joshbarnaby33ParticipantI was just about to, you beat me to it Radelow!
What I so seriously dislike about Ron Paul is that he doesn’t really ask a question, he rants. At the very end of his rant he asks a leading question. This is why Bernanke and the FED must love him. He makes people who dislike fiat currencies seem like loonies. If you could just engage in a clear headed debate with BOB and put that on youtube, it would probably get a lot more, and more serious attention.
Joshbarnaby33ParticipantWhat, no video link?
Joshbarnaby33ParticipantWhat, no video link?
Joshbarnaby33ParticipantWhat, no video link?
Joshbarnaby33ParticipantWhat, no video link?
Joshbarnaby33ParticipantWhat, no video link?
JoshFebruary 27, 2008 at 4:11 PM in reply to: Permit numbers are falling rapidly, what about fire re-building? #161163barnaby33ParticipantMy original question, which seems to have morphed into something else was, in what time frame should we be seeing the majority of the fire re-build permits being filed? The reason I ask is that permits are falling through the floor, which indicates either, lots of people have already done it, they haven’t gotten that far in the process, or they aren’t going to. This last option seems unlikely.
Josh
February 27, 2008 at 4:11 PM in reply to: Permit numbers are falling rapidly, what about fire re-building? #161459barnaby33ParticipantMy original question, which seems to have morphed into something else was, in what time frame should we be seeing the majority of the fire re-build permits being filed? The reason I ask is that permits are falling through the floor, which indicates either, lots of people have already done it, they haven’t gotten that far in the process, or they aren’t going to. This last option seems unlikely.
Josh
February 27, 2008 at 4:11 PM in reply to: Permit numbers are falling rapidly, what about fire re-building? #161471barnaby33ParticipantMy original question, which seems to have morphed into something else was, in what time frame should we be seeing the majority of the fire re-build permits being filed? The reason I ask is that permits are falling through the floor, which indicates either, lots of people have already done it, they haven’t gotten that far in the process, or they aren’t going to. This last option seems unlikely.
Josh
February 27, 2008 at 4:11 PM in reply to: Permit numbers are falling rapidly, what about fire re-building? #161492barnaby33ParticipantMy original question, which seems to have morphed into something else was, in what time frame should we be seeing the majority of the fire re-build permits being filed? The reason I ask is that permits are falling through the floor, which indicates either, lots of people have already done it, they haven’t gotten that far in the process, or they aren’t going to. This last option seems unlikely.
Josh
February 27, 2008 at 4:11 PM in reply to: Permit numbers are falling rapidly, what about fire re-building? #161557barnaby33ParticipantMy original question, which seems to have morphed into something else was, in what time frame should we be seeing the majority of the fire re-build permits being filed? The reason I ask is that permits are falling through the floor, which indicates either, lots of people have already done it, they haven’t gotten that far in the process, or they aren’t going to. This last option seems unlikely.
Josh
barnaby33Participantcoop, Helicopter Boy can only lower rates 3 more basis points; I think you meant 300 basis points, or 3%. The FED doesn’t set interest rates. It follows credit demand. All Bernanke is saying is that nobody has any collateral that banks will lend against at this point.
Rustico, there are lots of reasons why thats a dangerous ploy. For one CC rates aren’t fixed and can be changed at any time for almost any reason. Two high interest rates on loans and lower prices are a win for first time buyers and those with large down payments (savers). The FED can lower interest rates all it wants at this point, mortgage rates will go up to compensate for risk past and future. Long term obligations should if possible be financed with long term debt. If not you are playing arbitrage, which is just a fancy word for gambling.
Ultimately JWM has it right. House prices are going to continue to decline for the next few years and if you buy now, even at a low interest rate, you are a sucker.
Josh
barnaby33Participantcoop, Helicopter Boy can only lower rates 3 more basis points; I think you meant 300 basis points, or 3%. The FED doesn’t set interest rates. It follows credit demand. All Bernanke is saying is that nobody has any collateral that banks will lend against at this point.
Rustico, there are lots of reasons why thats a dangerous ploy. For one CC rates aren’t fixed and can be changed at any time for almost any reason. Two high interest rates on loans and lower prices are a win for first time buyers and those with large down payments (savers). The FED can lower interest rates all it wants at this point, mortgage rates will go up to compensate for risk past and future. Long term obligations should if possible be financed with long term debt. If not you are playing arbitrage, which is just a fancy word for gambling.
Ultimately JWM has it right. House prices are going to continue to decline for the next few years and if you buy now, even at a low interest rate, you are a sucker.
Josh
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