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

To: ChanceIs who wrote (141814)	8/19/2008 11:51:58 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

Only thing I know for sure is that all the people living paycheck to paycheck are going to get the shaft.

To: ChanceIs who wrote (141814)	8/19/2008 11:52:19 AM
From: Think4Yourself	Respond to of 306849

deleted

To: ChanceIs who wrote (141814)	8/19/2008 12:29:12 PM
From: XoFruitCake	Respond to of 306849

"What happens if Bernanke doesn't raise short term rates?? Maybe the foreigners dump all of their long term debt holdings, pushing up all US LT rates. Banks LT portfolio drops in value, their cap ratios are hosed, and they need to sell more assets (that would mean further diluting their current loyal but foolish shareholders or selling more assets at fire sale prices)." In that events, I think we just look into the eye of our own financial armageddon and US as we know will cease to exist.. Credit is our life blood and what you described is a forced massive de-leveraging. It will make what banks and IB doing now child play. No credit for small companies (or large one for that matter). Credit card debt will be prohibitively expensive. Housing price will continue to go through the floor and massive number of BK. It will make depression look like a cake walk.. And we are going to drag down a lot of countries with us.. Let pray that we don't get there... I know I am not short enough to cover that scenario..