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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (66955)7/27/2006 7:34:01 AM
From: Mike Johnston  Read Replies (2) | Respond to of 110194
 
It looks like a lot of people are getting a lesson in econ 101.
After house prices have tripled, and torrents of real estate money flooded the economy, did they expect that gasoline would still be $1.19 ? That their taxes and electric bill would be the same ? That they would still be able to get their pizza from a local shop for $8?

This was only a 10% rate increase. What will happen when they get another 10% increase at the end of the year ?



To: shades who wrote (66955)7/27/2006 1:24:13 PM
From: Logain Ablar  Respond to of 110194
 
CT had a 30% increase this January and a 20+% increase the year before. It will get worse before it gets better.


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