...they now control half of the $7.6 trillion US mortgage market. Their portfolios grew some tenfold between 1990 and 2003.OMG! I hope it is not too late.
To: TigerLikesRooster; David; maui_hawaii; AdamSelene235; razorback-bert
To: TigerLikesRooster
Lot of smart guys thinking about this one.
The most important reality here is that the Government does not need to tax or borrow money in order to spend it. Just takes writing credits into the books. Even very large increases in the money supply caused by simply issuing checks and currency can be managed by interest rate manipulation.
The worst that can happen is a drop in the value of the dollar versus other currencies. Exchange controls will stop capital flight. The rotating bubble continues, where it will stop nobody knows.
3 posted on
04/09/2005 6:49:02 AM PDT by
Iris7
(A man said, "That's heroism." "No, that's Duty," replied Roy Benavides, Medal of Honor.)
To: A. Pole; Willie Green
5 posted on
04/09/2005 6:58:53 AM PDT by
raybbr
To: TigerLikesRooster
16 posted on
03/24/2009 7:52:44 AM PDT by
lwd
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