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January 18, 2008 at 11:38 AM in reply to: Hillary’s modest proposal (to wreck the housing market) #138374January 18, 2008 at 11:38 AM in reply to: Hillary’s modest proposal (to wreck the housing market) #138423
Eugene
ParticipantWhat happened to free market capitalism?
Free market capitalism brought us here.
The war and the deficit are leaving no room for fiscal stimulus.
Are you suggesting that running an additional one-time deficit of 1% of GDP is worse than a recession?
Interest rates on new mortgages would skyrocket – perhaps past 8 percent
B.S.
Interest rates on ARMs may well skyrocket. Good riddance. To conforming loans and fixed jumbos, it won’t do a thing.Now, if Fannie Mae folds because ARM resets push prices down too fast and leave lots of people with negative equity, THAT will wreck the housing market …
ParticipantRumor has it that you have to make less than 85k if you’re single or 110k if you’re married in order to qualify. A fair number of Pigg’s readers will be excluded.
ParticipantRumor has it that you have to make less than 85k if you’re single or 110k if you’re married in order to qualify. A fair number of Pigg’s readers will be excluded.
ParticipantRumor has it that you have to make less than 85k if you’re single or 110k if you’re married in order to qualify. A fair number of Pigg’s readers will be excluded.
ParticipantRumor has it that you have to make less than 85k if you’re single or 110k if you’re married in order to qualify. A fair number of Pigg’s readers will be excluded.
ParticipantRumor has it that you have to make less than 85k if you’re single or 110k if you’re married in order to qualify. A fair number of Pigg’s readers will be excluded.
ParticipantIn 2003, typical ARM interest rates were in 4 – 4.5% land. They didn’t get to 5.75% until 2006.
ParticipantIn 2003, typical ARM interest rates were in 4 – 4.5% land. They didn’t get to 5.75% until 2006.
ParticipantIn 2003, typical ARM interest rates were in 4 – 4.5% land. They didn’t get to 5.75% until 2006.
ParticipantIn 2003, typical ARM interest rates were in 4 – 4.5% land. They didn’t get to 5.75% until 2006.
ParticipantIn 2003, typical ARM interest rates were in 4 – 4.5% land. They didn’t get to 5.75% until 2006.
ParticipantThe FED cannot allow hyperinflation to happen, unless they do that in coordination with all major banks (Europe, Japan), because inflationary expectations will send yields on dollar securities through the roof as people get rid of dollars and move to euros and yens. They do not and they will not print money at the rate that would allow the situation to be described as “hyperinflation”.
Consider this scenario
– Interest rates are suppressed for another year or two, mortgage rates fall below 5%
– Treasury mails $1000 tax rebate checks for every person in the U.S.
– Our government convinces ECB to drop ratesIf they pull this off, we’ll be out of this recession before we know it.
ParticipantThe FED cannot allow hyperinflation to happen, unless they do that in coordination with all major banks (Europe, Japan), because inflationary expectations will send yields on dollar securities through the roof as people get rid of dollars and move to euros and yens. They do not and they will not print money at the rate that would allow the situation to be described as “hyperinflation”.
Consider this scenario
– Interest rates are suppressed for another year or two, mortgage rates fall below 5%
– Treasury mails $1000 tax rebate checks for every person in the U.S.
– Our government convinces ECB to drop ratesIf they pull this off, we’ll be out of this recession before we know it.
ParticipantThe FED cannot allow hyperinflation to happen, unless they do that in coordination with all major banks (Europe, Japan), because inflationary expectations will send yields on dollar securities through the roof as people get rid of dollars and move to euros and yens. They do not and they will not print money at the rate that would allow the situation to be described as “hyperinflation”.
Consider this scenario
– Interest rates are suppressed for another year or two, mortgage rates fall below 5%
– Treasury mails $1000 tax rebate checks for every person in the U.S.
– Our government convinces ECB to drop ratesIf they pull this off, we’ll be out of this recession before we know it.
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