Silicon Investor (SI) -- The First Internet Community

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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (133799)	11/9/2001 9:23:49 PM
From: ild	Read Replies (2) \| Respond to of 436258

Did you see this: What Roach would do if he was in Greenspan shoes: The best the Fed can do, in my opinion, would be to surprise the markets with a more creative and aggressive easing -- something it has been either unwilling or unable to do this year. And it should accompany such an action with an explicit signal that it intends to maintain an exceedingly low level of official rates for an indefinite period of time. Quite frankly, I’m not even certain that would help, but I sure think it beats the current incremental approach. morganstanley.com IMHO It's a tough question. We know what Greenspan should not have done years ago to prevent the bubble, but what should he have done this year to fix the mess? My guess would be "cut and prey, "cut and prey ..."

To: patron_anejo_por_favor who wrote (133799)	11/10/2001 8:59:33 AM
From: sun-tzu	Read Replies (1) \| Respond to of 436258

<The danger is that each round of refis gets us closer and closer to the point where either interest rates start back up, or at least no further cash can be realized by consumers from their real estate. At that exact point the credit bubble (and the real estate bubble) will reach their apogee.> patron...you hit the nail right on the head(and used apogee in a sentence!). but i think it'll take longer than we might expect. i'm about to close on a waterfront property (i live in the Chesepeake Bay area) and will build a new home there. i know a number of people who are doing the very same thing. it seems that this area is having a demographical influx of people from the city (i did this 4 1/2 years ago from philadelphia), and the housing market is still red hot. the cost of living is much cheaper in my area. i suspect when these pockets of economic resistance dry up, we may in fact be at that breaking point. certainly the writing is on the wall.