Rate cut or no?
- Thread starter scooterbug44
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How should this affect the local housing? I doubt sales would radically improve as there still will remain no market for goofy loans. With no one to sell to originators are still downsizing and going out of business, value traps abound. Bank runs in England. Confidence is the issue now. I am mildly terrified, hopefully the bulk of folks remain unaware of how we are teetering maybe we can muddle through.
I would have used the money to burn Greenspans' book on my front lawn.
No idea how it should affect the local housing market, just will be interesting to see how/if it does.
Oil at all time highs... Dollar quarter century lows... House passing a bill to increase FHA limits to $729,750, and eliminate the to expensive 3% required down payment... Fed cuts rates 0.5%...
All good signs for the economy ahead right??? We can just borrow ourselves out of any problem, cant we??? Okay sarcasm off... I'm getting a bit worried here about the state of our country, its citizens, and the joksters running it...
All good signs for the economy ahead right??? We can just borrow ourselves out of any problem, cant we??? Okay sarcasm off... I'm getting a bit worried here about the state of our country, its citizens, and the joksters running it...
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Welcome to my world! I feel like I've got front row seats to the decline of the Roman Empire!
Keep seeing far too many repeat warning signs of a decline in a great empire/country - too much money spent on a military that is spread too thin all over the world, large trade deficits, building a wall to keep people out, dependence on other countries for our manufactured goods, corrupt and inept government.......
Keep seeing far too many repeat warning signs of a decline in a great empire/country - too much money spent on a military that is spread too thin all over the world, large trade deficits, building a wall to keep people out, dependence on other countries for our manufactured goods, corrupt and inept government.......
Goofer, are you punting JOE now? I punted half on the close, and used the proceeds to double my short on CROX, which I established when they announced they were getting into womens clothing a little while back...
anything else you like in here. more SUNCOR??
anything else you like in here. more SUNCOR??
Four years without a rate reduction. It was needed and more will follow. It will take about 6 months to see the impact but it will be good. The RE industry has had the emergency brake but on it and it came to a stand still. Now a slow upward recovery will follow but there will still be foreclosures etc. So for those who wish others to be "punished" the whipping post is still intact.