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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (41448)8/29/2011 8:28:34 PM
From: ggersh  Read Replies (1) | Respond to of 71429
 
LOL....I'm no guru either, but why are banks hoarding
cash? system's broken, it's not Japan, not Argentina
not Russia. This time it's different, all we get is TBTF
because the system would freeze no matter who fails.

We definitely need failure along w/reset, bwtfdik?-vbg-



To: Real Man who wrote (41448)8/30/2011 9:50:04 AM
From: No Mo Mo  Read Replies (1) | Respond to of 71429
 
"Resets of crappy mortgages are no longer relevant, I think..."

If someone who had an adjustable rate can manage to re-fi, the rates are fine. Even if the adjustable rate bumps to LIBOR + 2 or 3 percent, it's cheap money ... and should be for a while thanks to Ben.


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