Posted on 08/10/2007 5:53:06 AM PDT by Hydroshock
I noted you left this part out of my post that you quoted..
>>>I feel if they don’t start lowering interest rates and fast, the entire economy might get KO’d.<<<
In addition, I don’t think the feds have any choice but to lower interest rates. Just my personal hunch....
We shall see what happens by next month :)
At least not today. The government is accumulating to much debt and need fiscal responsibility. When Hillary wins the election it will only get worse.
I am with you on it. Coffee at my place?
I’ll be honest, I really thought the feds were going to lower rates just a few days ago. When they didn’t, I was very surprised.
Go to
http://www.campaignwatch.org/refs4.htm#la092390
Excerpt:
09/22/1990
Atlanta Journal and Constitution
Page A/03
. . . The FDIC suit was filed in Denver, but also announced in Washington, D.C., shortly after President Bush ended a press conference on the White House lawn and left in a helicopter for a weekend at Camp David, Md. The case could have resounding political implications in November elections where S&L scandals and the looming $500 billion bailout have become volatile issues. -————————————————————————————————————
Google neil bush, bailout, credit and you will find plenty of articles showing the government bailout. Neil Bush and Silverado made the nightly news too many days. We all remember the bailout.
I bet they wish they lowered rates instead of having egg on the face. Thanks for being honest you don’t find that much around here anymore.
“He who resorts to name calling and shouting is the one losing the argument.”
Again all I said is my take on the current market is that the future is stormy, and I am taking steps accordingly. And yes I do think there will be a recession in the near future based on the home loan troubles and the liquidity situation. How far out I do not know, but I am boosting my cash reserves, reducing spending, and taking a hard look at my investments. Neither of which are bad policy in any market.
But you're not willing to put a solid number out there. Got it.
Countrywide had that much in LINES OF CREDIT.
maybe the Federal Reserve will loan them some more on Monday.
Can you? No neither of us can. But this problem was started by arms resetting and people defaulting on their mortgages. Those issues have not gone away, if anything they are to get worse over the next year. This shot of money is like putting a new coat of paint on rotting wood of a house, it will look good for a time but it is still broken. Let me ask you this, what makes you think all is peachy?
I'm not the one predicting a recession.
This shot of money is like putting a new coat of paint on rotting wood of a house, it will look good for a time but it is still broken.
You still don't understand what they did.
Let me ask you this, what makes you think all is peachy?
When did I say all is peachy?
When did I say all is peachy?
Is all peachy? And if not, then what are the non-peachy parts?
No.
And if not, then what are the non-peachy parts?
Taxes are too high, especially corporate and capital gains taxes. Too much government spending. Social Security and Medicare are ticking time bombs. I could go on.
Before I forget, economic illiteracy runs rampant. I blame the public schools.
So, the whole subprime mortgage thing is pretty much peachy, right? Oh wait, I’ll do your part of the debate, too.
T: I never said that.
D: Then, what did you say.
T: Well, I didn’t say that. Go back and read the posts.
D: Then what did you say?
T: Can’t you read?
D: Yes.
T: Yes, what?
You crack me up.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.