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peterb
ParticipantIt’s bad because it pretty much portends a depression. One that may effect you. Inflations a pain, but at least you have a job. Deflation starts off being great because your see the leading edge as things become less expensive, then all of the sudden you get unemployed and then it aint so great. But if you’ve got cash reserves, it’s a party!!
ParticipantIt’s bad because it pretty much portends a depression. One that may effect you. Inflations a pain, but at least you have a job. Deflation starts off being great because your see the leading edge as things become less expensive, then all of the sudden you get unemployed and then it aint so great. But if you’ve got cash reserves, it’s a party!!
ParticipantIt’s bad because it pretty much portends a depression. One that may effect you. Inflations a pain, but at least you have a job. Deflation starts off being great because your see the leading edge as things become less expensive, then all of the sudden you get unemployed and then it aint so great. But if you’ve got cash reserves, it’s a party!!
ParticipantWouldnt it be great if Washington could get the mortgage rates to 4.5% for a 30 year loan!? But wouldnt be even better if they could do it without documentation and no proof of employment?! And how about make it a 95% LTV as well?! Oops, we just went through that and it caused the biggest RE dump in history.
Sorry folks, the party is over. Rates will probably come down a bit, but free and easy money is completely gone and that means RE will keep going down…….unemployment in 2009 will be the dagger in the heart.
ParticipantWouldnt it be great if Washington could get the mortgage rates to 4.5% for a 30 year loan!? But wouldnt be even better if they could do it without documentation and no proof of employment?! And how about make it a 95% LTV as well?! Oops, we just went through that and it caused the biggest RE dump in history.
Sorry folks, the party is over. Rates will probably come down a bit, but free and easy money is completely gone and that means RE will keep going down…….unemployment in 2009 will be the dagger in the heart.
ParticipantWouldnt it be great if Washington could get the mortgage rates to 4.5% for a 30 year loan!? But wouldnt be even better if they could do it without documentation and no proof of employment?! And how about make it a 95% LTV as well?! Oops, we just went through that and it caused the biggest RE dump in history.
Sorry folks, the party is over. Rates will probably come down a bit, but free and easy money is completely gone and that means RE will keep going down…….unemployment in 2009 will be the dagger in the heart.
ParticipantWouldnt it be great if Washington could get the mortgage rates to 4.5% for a 30 year loan!? But wouldnt be even better if they could do it without documentation and no proof of employment?! And how about make it a 95% LTV as well?! Oops, we just went through that and it caused the biggest RE dump in history.
Sorry folks, the party is over. Rates will probably come down a bit, but free and easy money is completely gone and that means RE will keep going down…….unemployment in 2009 will be the dagger in the heart.
ParticipantWouldnt it be great if Washington could get the mortgage rates to 4.5% for a 30 year loan!? But wouldnt be even better if they could do it without documentation and no proof of employment?! And how about make it a 95% LTV as well?! Oops, we just went through that and it caused the biggest RE dump in history.
Sorry folks, the party is over. Rates will probably come down a bit, but free and easy money is completely gone and that means RE will keep going down…….unemployment in 2009 will be the dagger in the heart.
ParticipantDont look now, but your US$’s are busy kicking the worlds butt. This will probably persist for some time as we’re in a deflationary cycle. Unemployment is rising and the stock market lost $30T in 2008. Hedge funds are liquidating into US$. Turns out that without credit, the US$ is kinda hard to get actually. Even tougher if you’re unemployed.
The only thing going against you is the complete idiots in Washington trying to get inflation back. But that could take these morons a while as they’re about the stupidist people on the planet.
ParticipantDont look now, but your US$’s are busy kicking the worlds butt. This will probably persist for some time as we’re in a deflationary cycle. Unemployment is rising and the stock market lost $30T in 2008. Hedge funds are liquidating into US$. Turns out that without credit, the US$ is kinda hard to get actually. Even tougher if you’re unemployed.
The only thing going against you is the complete idiots in Washington trying to get inflation back. But that could take these morons a while as they’re about the stupidist people on the planet.
ParticipantDont look now, but your US$’s are busy kicking the worlds butt. This will probably persist for some time as we’re in a deflationary cycle. Unemployment is rising and the stock market lost $30T in 2008. Hedge funds are liquidating into US$. Turns out that without credit, the US$ is kinda hard to get actually. Even tougher if you’re unemployed.
The only thing going against you is the complete idiots in Washington trying to get inflation back. But that could take these morons a while as they’re about the stupidist people on the planet.
ParticipantDont look now, but your US$’s are busy kicking the worlds butt. This will probably persist for some time as we’re in a deflationary cycle. Unemployment is rising and the stock market lost $30T in 2008. Hedge funds are liquidating into US$. Turns out that without credit, the US$ is kinda hard to get actually. Even tougher if you’re unemployed.
The only thing going against you is the complete idiots in Washington trying to get inflation back. But that could take these morons a while as they’re about the stupidist people on the planet.
ParticipantDont look now, but your US$’s are busy kicking the worlds butt. This will probably persist for some time as we’re in a deflationary cycle. Unemployment is rising and the stock market lost $30T in 2008. Hedge funds are liquidating into US$. Turns out that without credit, the US$ is kinda hard to get actually. Even tougher if you’re unemployed.
The only thing going against you is the complete idiots in Washington trying to get inflation back. But that could take these morons a while as they’re about the stupidist people on the planet.
ParticipantYou may also want to consider that at $42/bbl, most of OPEC’s competitors cannot make a profit and thus will cease to operate if this maintains for too long. This may not be the bottom for oil, but I bet it’s dang close. Maybe it could drop another 10%? But of course, the next question is, “what’s out there to cause it to rise?” Look at oil performance for most recessions. Not too good. But it could be good for a 15% pop over a few months.
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