View from the Center and Left 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.

Politics : View from the Center and Left

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TimF who wrote (55470)	3/23/2008 12:00:07 AM
From: neolib	Read Replies (3) of 542625

But those are good things not bad, Low interest rates are a prescription for asset inflation. There are some uses for low interest rates in exceptional circumstances of limited time duration. There are dangers when they are used too long, or under non-exceptional conditions. We are witnessing the results of that right now. Plenty of people walking away from RE deals looked fine on paper. It is a fantasy to think this problem was caused by minorities trying to buy their first home. The FED caused the problem to start with (although IIRC, I think you are one of those who think Bush's tax cuts were what keep the economy going a few years back rather than low interest rates and RE inflation) and now they are trying to clean it up by embracing socialism in this our noble land. Socialization of loss, privatization of profit. God bless America! t The Rev Wright actually could find some useful nonsense in America to bash if he just looked around a little. LOL!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next