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(former)FormerSanDiegan
ParticipantFNM is down about 17% today. Crikey!
(former)FormerSanDiegan
ParticipantSince I’m married, I’d lose about $5,000 worth of my federal standard deduction.
Most people in the 9.3% State and 28% federal bracket are deducting enough in state income taxes to equate to standard deduction.
(former)FormerSanDiegan
ParticipantSince I’m married, I’d lose about $5,000 worth of my federal standard deduction.
Most people in the 9.3% State and 28% federal bracket are deducting enough in state income taxes to equate to standard deduction.
(former)FormerSanDiegan
ParticipantSince I’m married, I’d lose about $5,000 worth of my federal standard deduction.
Most people in the 9.3% State and 28% federal bracket are deducting enough in state income taxes to equate to standard deduction.
(former)FormerSanDiegan
ParticipantSince I’m married, I’d lose about $5,000 worth of my federal standard deduction.
Most people in the 9.3% State and 28% federal bracket are deducting enough in state income taxes to equate to standard deduction.
(former)FormerSanDiegan
ParticipantSince I’m married, I’d lose about $5,000 worth of my federal standard deduction.
Most people in the 9.3% State and 28% federal bracket are deducting enough in state income taxes to equate to standard deduction.
August 15, 2008 at 8:49 AM in reply to: Buying next year, what to do with down payment money? #257254(former)FormerSanDiegan
ParticipantToday’s Wall Street Journal had a good article about how enforced low interest rates are an underhanded way of helping banks by helping their spreads–the difference between their cost of funds and their lending rates. It has added directly to their profits of late, and it does so by taking it out of the hide of the few remaining Americans who actually save up for purchases, retirement, etc.
This is why one might consider (not for the money needed next year, but for long-term investment) starting to nibble at select bank stocks.
I fully expect one or two more panic sell-off periods for financials, where someone with cajones will make a ton of money. Eventually, borrowing money at 2% and lending at 6-8% has to reach the bottom line. That is if they can survive losses on RE loans.
August 15, 2008 at 8:49 AM in reply to: Buying next year, what to do with down payment money? #257437(former)FormerSanDiegan
ParticipantToday’s Wall Street Journal had a good article about how enforced low interest rates are an underhanded way of helping banks by helping their spreads–the difference between their cost of funds and their lending rates. It has added directly to their profits of late, and it does so by taking it out of the hide of the few remaining Americans who actually save up for purchases, retirement, etc.
This is why one might consider (not for the money needed next year, but for long-term investment) starting to nibble at select bank stocks.
I fully expect one or two more panic sell-off periods for financials, where someone with cajones will make a ton of money. Eventually, borrowing money at 2% and lending at 6-8% has to reach the bottom line. That is if they can survive losses on RE loans.
August 15, 2008 at 8:49 AM in reply to: Buying next year, what to do with down payment money? #257454(former)FormerSanDiegan
ParticipantToday’s Wall Street Journal had a good article about how enforced low interest rates are an underhanded way of helping banks by helping their spreads–the difference between their cost of funds and their lending rates. It has added directly to their profits of late, and it does so by taking it out of the hide of the few remaining Americans who actually save up for purchases, retirement, etc.
This is why one might consider (not for the money needed next year, but for long-term investment) starting to nibble at select bank stocks.
I fully expect one or two more panic sell-off periods for financials, where someone with cajones will make a ton of money. Eventually, borrowing money at 2% and lending at 6-8% has to reach the bottom line. That is if they can survive losses on RE loans.
August 15, 2008 at 8:49 AM in reply to: Buying next year, what to do with down payment money? #257498(former)FormerSanDiegan
ParticipantToday’s Wall Street Journal had a good article about how enforced low interest rates are an underhanded way of helping banks by helping their spreads–the difference between their cost of funds and their lending rates. It has added directly to their profits of late, and it does so by taking it out of the hide of the few remaining Americans who actually save up for purchases, retirement, etc.
This is why one might consider (not for the money needed next year, but for long-term investment) starting to nibble at select bank stocks.
I fully expect one or two more panic sell-off periods for financials, where someone with cajones will make a ton of money. Eventually, borrowing money at 2% and lending at 6-8% has to reach the bottom line. That is if they can survive losses on RE loans.
August 15, 2008 at 8:49 AM in reply to: Buying next year, what to do with down payment money? #257546(former)FormerSanDiegan
ParticipantToday’s Wall Street Journal had a good article about how enforced low interest rates are an underhanded way of helping banks by helping their spreads–the difference between their cost of funds and their lending rates. It has added directly to their profits of late, and it does so by taking it out of the hide of the few remaining Americans who actually save up for purchases, retirement, etc.
This is why one might consider (not for the money needed next year, but for long-term investment) starting to nibble at select bank stocks.
I fully expect one or two more panic sell-off periods for financials, where someone with cajones will make a ton of money. Eventually, borrowing money at 2% and lending at 6-8% has to reach the bottom line. That is if they can survive losses on RE loans.
August 15, 2008 at 8:41 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #257250(former)FormerSanDiegan
ParticipantAnd here is my prophecy, when the rest of the worlds economies start to slide, the dollar will rally and gold will sink (Just my opinion results may vary).
Since mid-July Gold is down 18%
and the Dollar vs Euro is up 7.5%Nice call (if you had made it a month or two ago).
I tend to agree with your assessment.
August 15, 2008 at 8:41 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #257432(former)FormerSanDiegan
ParticipantAnd here is my prophecy, when the rest of the worlds economies start to slide, the dollar will rally and gold will sink (Just my opinion results may vary).
Since mid-July Gold is down 18%
and the Dollar vs Euro is up 7.5%Nice call (if you had made it a month or two ago).
I tend to agree with your assessment.
August 15, 2008 at 8:41 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #257449(former)FormerSanDiegan
ParticipantAnd here is my prophecy, when the rest of the worlds economies start to slide, the dollar will rally and gold will sink (Just my opinion results may vary).
Since mid-July Gold is down 18%
and the Dollar vs Euro is up 7.5%Nice call (if you had made it a month or two ago).
I tend to agree with your assessment.
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