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This has been the prediction for years now. It has been wrong for years now.
no...it isn't wrong, 4 years just isn't that long of a timeframe. We won't see the effect of this until the financial markets reach another crisis, and then the Fed will be in a position in which the only way they can help is to turn to the treasury for more funds.
Hell, the financial sector was massively overleveraged for 25 years leading up to the crash a few years ago.
no...it isn't wrong, 4 years just isn't that long of a timeframe. We won't see the effect of this until the financial markets reach another crisis, and then the Fed will be in a position in which the only way they can help is to turn to the treasury for more funds.
Hell, the financial sector was massively overleveraged for 25 years leading up to the crash a few years ago.
And they are still recovering using Fed money to play on Wall Street.
That's where the money is..circulating in the stock market.
Just a matter of time though before that gives out too.
And they are still recovering using Fed money to play on Wall Street.
That's where the money is..circulating in the stock market.
Just a matter of time though before that gives out too.
Exactly. The Fed isn't able to prop up another collapse of the financial markets, and you and I are going to suffer for it whenever it happens.
This is exactly why the government should not be involved in risk management. Let the markets correct themselves naturally. Sure, it means more pain in the short term, but long term it is a much smarter recovery option.
Housing is the key to our economy. While they will say consumers are the drivers of the American economy, consumers can only buy if they have cash or credit and equity credit lines on houses are the key to a really booming economy.
Housing is the key to our economy. While they will say consumers are the drivers of the American economy, consumers can only buy if they have cash or credit and equity credit lines on houses are the key to a really booming economy.
I don't know, HELOCs seem to have been a major contributor to the giant sucking failure of a housing market we have now. I mean hey, why not refinance and get an adjustable rate so we can buy that new gas guzzling SUV and add an Olympic size swimming pool in the back...oops, wait? My interest rates just doubled and I really don't have any money saved? Umm...wait a minute, I thought this was a panacea where housing prices only go up and interest rates are always going to be in my favor?
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