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Politics : WAR on Terror. Will it engulf the Entire Middle East? -- Ignore unavailable to you. Want to Upgrade?

To: Chas. who wrote (12836)	2/18/2006 2:42:24 PM
From: Peter Dierks	Respond to of 32591

OT I am cognizant of the degradation of qualification requirements for mortgages in the US. It is further evidence of the precariousness of our economy. For every boom, there is a potential for a bust. If the boom rests on solid foundations, there is no bust. If it rests on illegal lending, fraudulent financial data, etc. the bust becomes painful. You offer sound advice, which I followed long ago. It has kept my purchasing power in a period in which many investments have not.

To: Chas. who wrote (12836)	2/19/2006 7:52:21 AM
From: Rarebird	Read Replies (2) \| Respond to of 32591

>>Borrowing $$$$$ in USA is not a problem for anyone<< When the US consumer DOES pull his and her horns in and stops borrowing and spending, then it is ALL OVER! It is all over because the US consumer was the last place where the US credit machine could go for its "fuel". It cannot find another source large enough to borrow enough to keep the system going.

To: Chas. who wrote (12836)	2/19/2006 8:39:26 AM
From: Rarebird	Read Replies (2) \| Respond to of 32591

>>Global Economy is a pyramid with USA at the base...if we come down all come down.....its that simple...<< The underpinning for the global boom was all the American consumers emptying the equity out of their houses and spending up a storm at the nearest mall. It has taken the American about four years to tap themselves out. >>relax, buy Gold, buy Oil.<< The Gold and Oil markets took a nice little tumble after the most recent Fed. Funds hike. That was a signal that the Fed has now become restrictive. Sure, the Oil market can return to its most recent highs based on political tensions/terrorist activities. But that's not a reason to "relax" if you are long Gold or Cude Oil. These markets are laden with Risk.