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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: ecrire who wrote (10944)	7/24/2008 2:40:18 PM
From: surelockhomes	Read Replies (1) \| Respond to of 50101

Joe will no longer be able to spend 10% more than he was earning because the Home ATM is now closed. In addition, he will now have to come up with 20% down before most banks will lend him money to buy a home. So it will make it that much harder to slow deflation than it was for Japan. I saw this coming more than 6 years ago and locked in 5% 5 year CDs. Our rates bounced, just like they did in Japan, only to be lowered again. So was able to lock in another 5 years on CDs and some long dated TSYs again at around 5%. Only this time rates are going to stay down for a long long time. The next FFR moves will be down, not up. The commod bubble has topped out. The CPI is going to fall over.