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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: CBurnett who wrote (119106)4/28/2008 11:37:34 PM
From: MulhollandDriveRead Replies (4) of 306849
 
i understand your attitude, but i'm convinced it isn't the oil companies at fault...part of the problem we have is a distortion of demand caused by the misallocation of capital in china...we did that to import lower prices and now the very things (commodities) needed to manufacture are being bid up because of that demand...

i don't know what can be done about that at this point...

otoh....we have an insane FED that is lowering rates and driving up commodities....destroying the value of the USD$...our outrage should be directed there....we have gone way beyond diminishing return with these rate cut gambits...inflation in food and energy is taking a serious toll on small business and consumers...obviously to the point of financial destruction

this will get very ugly very soon...most americans and small business do not have the capital reserve to meet these price increase over anything but the shortest of terms

the ivory tower a**holes academics who never ran a business or met a payroll are destroying our economic base with their financial tinkering meant to save WS bankers....
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