Posted on 09/21/2007 5:28:58 PM PDT by GodGunsGuts
No crystal ball needed. You just have to look at the number of resetting ARMs for the next five years. The loan to value disparity has been obvious and growing since 2003.
http://attheselevels.com/archives/678-The-Forgotten-Resets.html
I really don’t give a rip if the dow goes to 3000 or 30,000. Any stocks I buy are because the share is a fractional percentage of a properly valued company, IOW based upon it being a fair price for the percentage of the business I am buying based on how much money the business makes. Maybe I’m just dumb and ignorant but to me there is no difference between buying one share and all of them*- either the business you are buying makes money because they have, and will have a product or service that people buy, or it’s smoke and mirrors based on expectations.
*except for the matter of management, of course.
The world ain’t going to end if the Dow goes back to 2000, nor will all our problems be over if it hits 20,000. I own my house and buy annuities and dollar cost average into a well run mutual fund; I care no more for the fate, company or opinions of people who want to get rich quick than I do for the folks that get Schedenfreud at the thought of The End Of The World As We Know It, be they goldbugs, Pre millennial tribulationists or watchers for Black helicopters.
just a cranky .02:-)
Fiscal policy means tax policy, Congress sets that. The Fed sets monetary policy.
They should reinstitute the Department of Treasury to issue currency and take it away from the fed.
Before the Fed, under the National Bank Act of 1864, banks were able to issue their own currency.
Satyajit Das is laughing
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