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To: Toddsterpatriot
Yup and that temporary injection money just added another 3-4% in the annual inflation rate coming in the next 12 months easily that;'s on top of the 3.5% annualized.....they've done that now 3 times in less than 2 weeks to the tune of $160 Billion in hopes of averting panic in the markets and a run on the dollar (which is happening). The brokerages and the central bank and the White House are scurrying.

Our economy will not go belly up overnight, as neither will our standard of living, however, politics, greed, etc. have us now on the down slope with the respect to both.

The sub-prime fiasco is the culprit this time to the tune of 2.9 trillion total. CITIBANK dropped 7% yesterday.....look at the share prices (2 yr charts) of the major financial banks and brokerage houses....not good....I bailed on them in September....it is unavoidable.

You do know who's gonna pay for that don't you? The American worker in the form of government led inflation, higher interest rates, loss of equity in their homes, loss of return on stock investments.

Who's going to pay for the 4.4 million brand new homes setting empty across this nation? Can we export that stupidity and those losses?

290 posted on 11/02/2007 10:21:02 AM PDT by RSmithOpt (Liberalism: Highway to Hell)
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To: RSmithOpt
Yup and that temporary injection money just added another 3-4% in the annual inflation rate

That temporary injection will be reversed in a week or two. No inflation involved.

293 posted on 11/02/2007 10:23:45 AM PDT by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: RSmithOpt

You do realize those temporary injections ($160 billion you list) are removed from the market in 30 days or less?


332 posted on 11/02/2007 11:29:07 AM PDT by rb22982
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