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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Skeeter Bug who wrote (42762)3/20/2009 11:00:14 AM
From: Boca_PETE   of 42834
 
"pay off the house or i may take it and buy gold and/or silver and/or platinum and/or something else"

I think your strategy is on the right track. From my viewpoint, their first priority must halt the slice in property values which collateralize mortgage loans. That action will slow mortgage and other loan defaults which are at the root of bank loan losses causing capital deficiencies at banks. Right now it's an virtuous downward sucking whirlpool into a black hole nobody wants to be sucked into given the remaining memories of the Great Depression.

Ultimately, with the incompetent clowns in charge of the asylum, they'll probably grossly overshoot leading us into an inflationary depression Argentina style. Welcome to the American Banana Socialist Republic.

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