National debt hits 9 Trillion.

uscitizen said:
but the increased interest rates will keep the housing market depressed longer and possibly make it worse.
I don't think even Dano would say that raising interest rates will help the housing market.
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The rise in interest rates will be to suppress inflation caused by the desperate attempt to shore up the housing market with lower interest rates.

I'm not saying it won't wind up hurting the housing market for a while, I am saying that such an adjustment is unavoidable.
 
Damocles said:
The rise in interest rates will be to suppress inflation caused by the desperate attempt to shore up the housing market with lower interest rates.

I'm not saying it won't wind up hurting the housing market for a while, I am saying that such an adjustment is unavoidable.
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agreed.

And it will likely increase the number of bankruptcies...
 
TheDanold said:
Bullshit, they were there in the 90's, they can be again.
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You damn well know the only reason they acted conservative is because there was a (D) president.

You are lying to yourself if you ever think an (R) controlled pres and congress are ever gonna curb spending. Same goes for (D) pres and (D) congress.



















Here is the part where you tell me that (R) is better because they'd grow the budget .000001% less than the dems while starting a war and not including it in the budget.
 
uscitizen said:
but the increased interest rates will keep the housing market depressed longer and possibly make it worse.
I don't think even Dano would say that raising interest rates will help the housing market.
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I don't think you will see the Fed raise rates from here for at least a year or two. If they raise rates, they risk sending the housing market into a spin that will lead to a drastic reduction in consumer spending which will send us into a recession. If they lower rates any further, it could help the housing market, but will send the inflation (that they are trying to hide from us) through the roof and depress the dollar further which could send us into the crapper as other countries bail on the dollar and the US.

ROCK fed HARD PLACE
 
One thing that will happen if it lasts as long as SF says it will is there will be more manufacturing jobs created in the US. Nobody want's to pay the same price for a snow shovel that will somehow poison you as they would for one made in the US that won't.
 
Damocles said:
One of the first lessons I had in life is that some of the best lessons come very hard indeed.
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Ohh I say if we remove our heads from our butts and pull thru the hard times to come we will be much better off as a country, but it will take quite a while.
 
Damocles said:
One thing that will happen if it lasts as long as SF says it will is there will be more manufacturing jobs created in the US. Nobody want's to pay the same price for a snow shovel that will somehow poison you as they would for one made in the US that won't.
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That is true, the lower dollar will tend to lead to a narrowing of the wage gap between countries (especially if China continues to break its yuan valuations from the dollar)

Bottom line: tighten your seat belts. this could get bumpy. Wilshire and Dow Transports broke technicals, Industrials still 400 points above.... if Industrials also break... duck and cover.
 
Damocles said:
One of the first lessons I had in life is that some of the best lessons come very hard indeed.
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yes, unfortunately many seem not to have learned the lessons of over-hyping equities from the disaster of the dot.com bubble or tech implosion in 2000-2003.
 
Bottom line: tighten your seat belts. this could get bumpy. Wilshire and Dow Transports broke technicals, Industrials still 400 points above.... if Industrials also break... duck and cover.
//

Damn liberal just posting negative stuff!
 
uscitizen said:
Ohh I say if we remove our heads from our butts and pull thru the hard times to come we will be much better off as a country, but it will take quite a while.
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What doesn't kill you... makes you stronger. (as long as you learn from the experience that is)
 
uscitizen said:
Bottom line: tighten your seat belts. this could get bumpy. Wilshire and Dow Transports broke technicals, Industrials still 400 points above.... if Industrials also break... duck and cover.
//

Damn liberal just posting negative stuff!
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Nothing negative about it.... I am positive they both just broke technicals. :cool:
 
Superfreak said:
That is the funny part. They got hurt, but were lucky. The economy turned back around and thus they simply shrugged off the bad years like they didn't happen.
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Yup. That was a good lesson that didn't stick because the hard times were averted. It isn't like I hope for hard times, I hope that people learn from their past, Americans are sometimes too stubborn.
 
Damocles said:
Yup. That was a good lesson that didn't stick because the hard times were averted. It isn't like I hope for hard times, I hope that people learn from their past, Americans are sometimes too stubborn.
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True. I don't think anyone is hoping for a downturn, but the more data that comes out, the more I think it is going to be hard to avoid. Thus, like we discussed the other day... gold, energy and some foreign currency exposure are looking like pretty good ideas right now.
 
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