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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (41960)9/25/2005 10:49:36 AM
From: bentwayRead Replies (2) | Respond to of 306849
 
>>People who have held a credit card for some time should get a surprise: each month, they will have to pay 4 percent of the outstanding balance on the card, not 2 percent>>

I'm sure for some people, with rising payments on adjustable, gimmicky mortgages, doubling credit card payments and skyrocketing gasoline prices, it's going to seem like the bad old days of stagflation have come again.

From my recollections of that time, although my salary kept increasing steadily, it felt as though things just kept getting tougher, since inflation outran my salary gains.

We have yet to see any salary inflation. Will we see any, with globalized competition? This could be a worse situation for Americans than the bad old days of stagflation



To: Rarebird who wrote (41960)9/25/2005 1:38:11 PM
From: KMRespond to of 306849
 
US continues to spend while the rest of the world saves

economist.com



To: Rarebird who wrote (41960)9/25/2005 1:58:07 PM
From: John VosillaRespond to of 306849
 
"Indeed, the US monthly minimum card payment will double and the average American credit card holder will face a monthly increase in minimum payment of $US 200."

Add in a tripling of gas prices and is this enough to tip the economy into recession? Will this lessen the bursting of the housing bubble if fed loosens and the long end doesn't back up too much?