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I'm not sure where you're getting this idea of feds increasing rates over and over, because it was the opposite that accelerated the bubble, if not create it. And by doing so, it was 1980s all over again, and back then too a credit bubble had created a recession as it has this time. Lower rates also discourage savings. There is no incentive to save when the returns are pathetic and credits are easy.
Right now, the rate is at about zero, isn't it?
You missing my point - the money bubble used to be pumped by jobs like manufacturing, but instead the last 8 yrs those went away to China India, but bubble gets pumped by the RE money, then they RAISED RATES- to pop RE bubble, so what now blows in the money? like jobs is gone, and you got Obama and China down on their hands and knees blowing into the bubble - will not work, and we got to pay China back
IOU's are only as good as the people willing to ACCEPT them!
The speculative bubble was not popped by the FED it was popped when some of the biggest financiers decided it was time to take their money and run. They got out before they were supposed to and ruined any chance of a Republican being elected in 2008.
Does anyone here remember the scene in the movie, "Dumb an Dumber", where the kidnapper finds the suitcase full of the two idiots' I.O.U.'s for all of their purchases (Lamborgini, clothes, etc.)? - And then the two idiots tell him - "Don't worry, we're good for it".
That whole movie was the best reflection of the American Economy that could be produced or performed.
Does anyone here remember the scene in the movie, "Dumb an Dumber", where the kidnapper finds the suitcase full of the two idiots' I.O.U.'s for all of their purchases (Lamborgini, clothes, etc.)? - And then the two idiots tell him - "Don't worry, we're good for it".
That whole movie was the best reflection of the American Economy that could be produced or performed.
Thats good - so I guess that means the 2 idots are America and the kidnapper is China and whoever else lent the money
Exactly. You get an A+.
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