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ParticipantThat’s just great Helicopter boy, because it worked like a charm last time. Plus there really aren’t enough US dollars floating around the world these days, and it’s not like trillions of ARM’s are going to reset in the coming years either.
In hindsight would it have been better to raise rates, flush out the bad debt, over-leveraged financials, and hit the bottom quicker than slow and painfully?
ParticipantThat’s just great Helicopter boy, because it worked like a charm last time. Plus there really aren’t enough US dollars floating around the world these days, and it’s not like trillions of ARM’s are going to reset in the coming years either.
In hindsight would it have been better to raise rates, flush out the bad debt, over-leveraged financials, and hit the bottom quicker than slow and painfully?
Participant“Hard to imagine that there are 13.5 million people in America who can afford to let a house sit vacant”
A majority of those are probably bank owned or owned by builders or those who financed the builders.
Banks would have no reason to hold on to millions of dollars of unsold homes in a depreciating market. They’ll sell, just look at Countrywide’s foreclosure listings. They add more everyday.
Participant“Hard to imagine that there are 13.5 million people in America who can afford to let a house sit vacant”
A majority of those are probably bank owned or owned by builders or those who financed the builders.
Banks would have no reason to hold on to millions of dollars of unsold homes in a depreciating market. They’ll sell, just look at Countrywide’s foreclosure listings. They add more everyday.
Participant“Hard to imagine that there are 13.5 million people in America who can afford to let a house sit vacant”
A majority of those are probably bank owned or owned by builders or those who financed the builders.
Banks would have no reason to hold on to millions of dollars of unsold homes in a depreciating market. They’ll sell, just look at Countrywide’s foreclosure listings. They add more everyday.
Participant10 years ago oil was $10 barrel. The weak dollar is certainly not the only contributor to this 10-fold increase but it’s arguably the largest
Bernanke is on his way to earning title of worst fed chief ever IMO.
Stocks rally 1% after 2 weeks or so of relative stability following yesterday’s 1/4pt cut. Today they drop 2% because oil is at an all time high. Way to go Ben!
The FED and Congress want to keep people in homes who simply can’t afford them, and devalue the dollar to save them $50/month on a mortgage while shifting that “savings” to higher cost food, imports, oil, energy, consumer goods, and just about everything else.
Meanwhile anyone who saves money (who does that these days) loses more and more to inflation everyday, which is supposed to be the FEDs main role.
What a joke.
Participant10 years ago oil was $10 barrel. The weak dollar is certainly not the only contributor to this 10-fold increase but it’s arguably the largest
Bernanke is on his way to earning title of worst fed chief ever IMO.
Stocks rally 1% after 2 weeks or so of relative stability following yesterday’s 1/4pt cut. Today they drop 2% because oil is at an all time high. Way to go Ben!
The FED and Congress want to keep people in homes who simply can’t afford them, and devalue the dollar to save them $50/month on a mortgage while shifting that “savings” to higher cost food, imports, oil, energy, consumer goods, and just about everything else.
Meanwhile anyone who saves money (who does that these days) loses more and more to inflation everyday, which is supposed to be the FEDs main role.
What a joke.
Participant10 years ago oil was $10 barrel. The weak dollar is certainly not the only contributor to this 10-fold increase but it’s arguably the largest
Bernanke is on his way to earning title of worst fed chief ever IMO.
Stocks rally 1% after 2 weeks or so of relative stability following yesterday’s 1/4pt cut. Today they drop 2% because oil is at an all time high. Way to go Ben!
The FED and Congress want to keep people in homes who simply can’t afford them, and devalue the dollar to save them $50/month on a mortgage while shifting that “savings” to higher cost food, imports, oil, energy, consumer goods, and just about everything else.
Meanwhile anyone who saves money (who does that these days) loses more and more to inflation everyday, which is supposed to be the FEDs main role.
What a joke.
Participant“Unfortunately, gas is most likely going to go up a dollar, so any heloc savings is irrelevent. You’ll get hit some place else.”
You’ll get hit everywhere else.
Participant“Unfortunately, gas is most likely going to go up a dollar, so any heloc savings is irrelevent. You’ll get hit some place else.”
You’ll get hit everywhere else.
Participant“Unfortunately, gas is most likely going to go up a dollar, so any heloc savings is irrelevent. You’ll get hit some place else.”
You’ll get hit everywhere else.
Participant…and the answer is…
Investors.
And only AFTER the cut do they think about inflation.
http://biz.yahoo.com/ap/071031/wall_street.html
Although the dollar rose slightly over the Euro after. At least currently.
Participant…and the answer is…
Investors.
And only AFTER the cut do they think about inflation.
http://biz.yahoo.com/ap/071031/wall_street.html
Although the dollar rose slightly over the Euro after. At least currently.
Participant…and the answer is…
Investors.
And only AFTER the cut do they think about inflation.
http://biz.yahoo.com/ap/071031/wall_street.html
Although the dollar rose slightly over the Euro after. At least currently.
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