The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TH who wrote (262915)	7/21/2010 10:57:39 PM
From: John McCarthy	of 306849

>>>> Ben did not have some objective with this downbeat testimony. >>>> I assume he wants domains (authorities with enactment powers) outside his domain to begin to advocate QE2. The Unemployment IMPASS begets forward dead homes and write-offs. Compound these with the SEC allowed not yet taken write-offs and collectively they probably drawf all the excess reserves that the banks have squirreled away at the FED. Additionally Consumer Metrics Institute is out with a 'thought' explaining the drop in consumer debt. Gettin close to 1.5 years. Their notion is that in these BEN -0- interest days - in effect - 1 way to EARN interest (18% -> 25%) is to simply pay-down your cards. So on the 1 hand as Ben has kept rates low (0%) to move the economy - consumers are earning interest by killing off their cc debt. Ben - politicians - whatever have got to go the QE2 route - because the alternative is _whatever_ their worst view of the alternative is. Ben lined up his ducks very nicely today.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next