To: Flavius
I have faith in Greenspan because several months ago he advised homeowners to make their mortages ARMs, so he must know something we don't about the housing market.
9 posted on
05/30/2005 6:31:20 AM PDT by
junta
("Racism" a word invented so as to allow morons access to the political debate.)
To: junta
There is a tremendous quantity of money in Mutual Funds and other firms, looking for return on investment. Hundreds of millions can be had for 4 to 4.5 percent.
To: junta
>>he advised homeowners to make their mortages ARMs
why would that be a good thing? seems to my tiny mind that a low fixed rate removes a lot of risk should inflation come around again -- and it will.
12 posted on
05/30/2005 6:35:23 AM PDT by
Glenn
(pardon the e.e.cummings look. a busted arm makes typing seem like work.)
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