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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Johnny_Blaze_420 who wrote (138399)8/1/2008 12:40:55 PM
From: Jim McMannisRead Replies (3) of 306849
 
That's only a temporary fix. Although I agree it would lower the price of oil.

But we're running out of oil plus we have to send $700 billion a year offshore just to buy it. That's what we need to address.

They (Congress and Bernanke) are trying to save real estate and a rise in rates would really cream it. Real Estate/credit crisis is holding everything hostage.

And people trust the same people that got us in this situation, to get us out of it.
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