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DomoArigato
ParticipantThe GSE and FHA conforming loan limits are slated to drop by $100,000+ on October 1. Plus, minimum down payments may also be going up.
I would advise at least waiting until December to see how prices shake out. I don’t see any catalyst that would cause prices to go up in the near term, but there are a lot of things going on that could drive prices down.
ParticipantThe GSE and FHA conforming loan limits are slated to drop by $100,000+ on October 1. Plus, minimum down payments may also be going up.
I would advise at least waiting until December to see how prices shake out. I don’t see any catalyst that would cause prices to go up in the near term, but there are a lot of things going on that could drive prices down.
ParticipantThe GSE and FHA conforming loan limits are slated to drop by $100,000+ on October 1. Plus, minimum down payments may also be going up.
I would advise at least waiting until December to see how prices shake out. I don’t see any catalyst that would cause prices to go up in the near term, but there are a lot of things going on that could drive prices down.
August 10, 2011 at 8:25 AM in reply to: OK, we are down graded: AA+ (Still a long way from F+ guys) #717028Participant[quote=Nor-LA-SD-GUY2]
OK now here is the real funny part,Do the math
$269.67 billion is about 2% of our annual USA GDP .
There is no way in heck it could be used for money, it’s just for watches jewelry etc…
That’s it’s total value in life.[/quote]
Jim Grant was on the boob tube the other day saying that the U.S. should go back to the gold standard. He is supposedly a respected commentator on interest rates.
However, like you, I see no way in hell that we could go back to the gold standard. It would basically involve inflating the price of gold like a 1000 times its current value.
August 10, 2011 at 8:25 AM in reply to: OK, we are down graded: AA+ (Still a long way from F+ guys) #717118Participant[quote=Nor-LA-SD-GUY2]
OK now here is the real funny part,Do the math
$269.67 billion is about 2% of our annual USA GDP .
There is no way in heck it could be used for money, it’s just for watches jewelry etc…
That’s it’s total value in life.[/quote]
Jim Grant was on the boob tube the other day saying that the U.S. should go back to the gold standard. He is supposedly a respected commentator on interest rates.
However, like you, I see no way in hell that we could go back to the gold standard. It would basically involve inflating the price of gold like a 1000 times its current value.
August 10, 2011 at 8:25 AM in reply to: OK, we are down graded: AA+ (Still a long way from F+ guys) #717716Participant[quote=Nor-LA-SD-GUY2]
OK now here is the real funny part,Do the math
$269.67 billion is about 2% of our annual USA GDP .
There is no way in heck it could be used for money, it’s just for watches jewelry etc…
That’s it’s total value in life.[/quote]
Jim Grant was on the boob tube the other day saying that the U.S. should go back to the gold standard. He is supposedly a respected commentator on interest rates.
However, like you, I see no way in hell that we could go back to the gold standard. It would basically involve inflating the price of gold like a 1000 times its current value.
August 10, 2011 at 8:25 AM in reply to: OK, we are down graded: AA+ (Still a long way from F+ guys) #717864Participant[quote=Nor-LA-SD-GUY2]
OK now here is the real funny part,Do the math
$269.67 billion is about 2% of our annual USA GDP .
There is no way in heck it could be used for money, it’s just for watches jewelry etc…
That’s it’s total value in life.[/quote]
Jim Grant was on the boob tube the other day saying that the U.S. should go back to the gold standard. He is supposedly a respected commentator on interest rates.
However, like you, I see no way in hell that we could go back to the gold standard. It would basically involve inflating the price of gold like a 1000 times its current value.
August 10, 2011 at 8:25 AM in reply to: OK, we are down graded: AA+ (Still a long way from F+ guys) #718225Participant[quote=Nor-LA-SD-GUY2]
OK now here is the real funny part,Do the math
$269.67 billion is about 2% of our annual USA GDP .
There is no way in heck it could be used for money, it’s just for watches jewelry etc…
That’s it’s total value in life.[/quote]
Jim Grant was on the boob tube the other day saying that the U.S. should go back to the gold standard. He is supposedly a respected commentator on interest rates.
However, like you, I see no way in hell that we could go back to the gold standard. It would basically involve inflating the price of gold like a 1000 times its current value.
ParticipantOn a somewhat related topic, I wonder if the market’s reaction to austerity has changed anyone’s mind?
The Dow Jones Industrial Average closed at 12,132 on August 1st. If I’m recalling correctly, the austerity plan was approved that evening.
Currently, the DJIA is trading around 10,900. That’s about a 10% drop in less than a week.
Does anyone on this board who was previously a supporter of deflationary austerity now believe it was the wrong choice due to the stock market’s swift rebuke?
ParticipantOn a somewhat related topic, I wonder if the market’s reaction to austerity has changed anyone’s mind?
The Dow Jones Industrial Average closed at 12,132 on August 1st. If I’m recalling correctly, the austerity plan was approved that evening.
Currently, the DJIA is trading around 10,900. That’s about a 10% drop in less than a week.
Does anyone on this board who was previously a supporter of deflationary austerity now believe it was the wrong choice due to the stock market’s swift rebuke?
ParticipantOn a somewhat related topic, I wonder if the market’s reaction to austerity has changed anyone’s mind?
The Dow Jones Industrial Average closed at 12,132 on August 1st. If I’m recalling correctly, the austerity plan was approved that evening.
Currently, the DJIA is trading around 10,900. That’s about a 10% drop in less than a week.
Does anyone on this board who was previously a supporter of deflationary austerity now believe it was the wrong choice due to the stock market’s swift rebuke?
ParticipantOn a somewhat related topic, I wonder if the market’s reaction to austerity has changed anyone’s mind?
The Dow Jones Industrial Average closed at 12,132 on August 1st. If I’m recalling correctly, the austerity plan was approved that evening.
Currently, the DJIA is trading around 10,900. That’s about a 10% drop in less than a week.
Does anyone on this board who was previously a supporter of deflationary austerity now believe it was the wrong choice due to the stock market’s swift rebuke?
ParticipantOn a somewhat related topic, I wonder if the market’s reaction to austerity has changed anyone’s mind?
The Dow Jones Industrial Average closed at 12,132 on August 1st. If I’m recalling correctly, the austerity plan was approved that evening.
Currently, the DJIA is trading around 10,900. That’s about a 10% drop in less than a week.
Does anyone on this board who was previously a supporter of deflationary austerity now believe it was the wrong choice due to the stock market’s swift rebuke?
Participant[quote=GH]
Our govt is lucky I am not on the rating board, because frankly I doubt there is any way in hell we ever repay our debts and stay solvent.
[/quote]We don’t have to pay off our debts. Did you know that World War II debt was never paid off? It was just inflated away to the point that it was insignificant.
Unfortunately, the current misguided austerity is likely to lead to deflation and higher deficits.
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