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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (123262)10/9/2012 11:09:59 PM
From: John Vosilla  Respond to of 149317
 
If you had your way and the 10-yr UST was 5% so your money market funds would pay 4.75%, Spain and Greece would collapse. Not that that couldn't still happen. Be thankful or at least appreciate that we are insulated pretty well, and the low rates are what will slowly move underwater mortgages to even.

Boggles my mind folks think if Bernanke stopped printing and allowed rates to rise 300-400 basis points that would make things better in the near term. Maybe in conjunction with expecting a doubling down on the GWB years creating more wars, housing bubbles and trickle down economics on steroids will 'save' us yet again.



To: Sr K who wrote (123262)10/9/2012 11:21:56 PM
From: RetiredNow1 Recommendation  Read Replies (2) | Respond to of 149317
 
Oh, I know why. Obama is deathly afraid of a Euro implosion, which would take the US with it, and end Obama's Presidency. He wants Europe to stay afloat at least until after the election. The Fed wants this too. It's why Bernanke has found very creative ways to funnel American taxpayer money over to Europe to keep their banks afloat.


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