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

To: Johnny_Blaze_420 who wrote (138399)8/1/2008 12:40:55 PM
From: Jim McMannisRead Replies (3) | Respond to of 306849
 
That's only a temporary fix. Although I agree it would lower the price of oil.

But we're running out of oil plus we have to send $700 billion a year offshore just to buy it. That's what we need to address.

They (Congress and Bernanke) are trying to save real estate and a rise in rates would really cream it. Real Estate/credit crisis is holding everything hostage.

And people trust the same people that got us in this situation, to get us out of it.



To: Johnny_Blaze_420 who wrote (138399)8/1/2008 1:10:28 PM
From: DebtBombRespond to of 306849
 
"The oil crisis is simple to fix. Raise rates so the dollar goes up in value.

if either side wants to be honest with the american voter, you have to tell them it will hurt for a while, but stronger dollar and investment in alt energy is the best solution for short and long term."

Yeah, but it would kill wall street and all of the banker and oil buddies, so forget it, IMO.


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