Posted on 10/14/2006 9:48:44 AM PDT by GodGunsGuts
And there is certainly a land office business in refinancing, now from ARMs to fixed where before it was the reverse - and including reverse mortgages not for first time buyers, but for refinancers cashing out some of the big equity boost the last 5 years have given them. For retirees especially, but also for speculators in CA who want to take cash flow from a winner 2-4 years ago and use it to carry another bet last year etc.
Some of those speculators will get killed, and some of those reverse financiers would have been better off selling and moving to a more affordable region (e.g. the CA to AZ trade). But none involve most of the country being paid on the equity side to support the interest side, out of non-existent equity, out of mere hope of price appreciation. Which is what the bears are alleging, and it is ridiculous.
I stand corrected. I've got nothing but time on my hands right now so I'm an easy mark. As far as keeping up the good work...right back at ya!
I bet they'd make an exception if someone decided to pay with gold :o)
Never said that Toddler. I said I'm against fiat money. There's a difference.
I've read good essays on what money is exactly. Few understand it. Based on its rarity. Its divisibility. Its inability to be counterfeited. Its fungibility. Its ease of identification.
And no one has even tried to answer my question that if you have 90 people waving dollars at you, but three waving roast beast, is it all that brainy to take the dollars?
Yet more dissasociation with reality.
Why did you choose that specific 3 year period?
Would you care to spread that graph out some more? Maybe from 1996 to 2006?
The answer: TO SELL MORE GOLD, of course.
I'm with you. I've been taking advantage of it for the last five years. Unfortunately, there are some on this thread that are doing their level best to encourage others to put their collective heads under a rock.
Be my guest. It will just prove how unstable the dollar is.
You again demonstrate your love for cherry-picking data.
I said, be my guest. Go ahead post it. Let's see how stable the dollar has been since 1996. LOL!
Didn't even mention the fact that they compare the price of Gold in Dollars to a Dollars index. Anybody who has taken statistics 101 can see the problem with that.
But the ad . . . err, chart . . . is aimed at the rubes who have NOT studied statistics.
The essence of stability.
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