Friday, Jan 25, 2008
The US want to party on.
CNN: Stimulus plan also sparks housing market
The measures would make mortgages easier to get and reduce borrowing costs -- especially in hard-hit, high-cost housing markets.
Posted by holding out @ 02:05 PM (563 views) Add Comment
6 Comments
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1. mark said...
this plan will only make things worse, you can see it coming....
the type of people who take out stupid loans etc will only waste rebates etc...
it is like throwing good money after bad...
2. tyrellcorporation said...
Absolutely insane - no other words for this plan, oh, apart from irresponsible. Only EAs and politicians could possibly regard stoking another mini-boom as a good thing.
3. paul said...
"Stimulus plan might spark housing market."
4. sold 2 rent 1 said...
The US government will do anything to avoid a deflationary collapse.
They will drop IRs to zero and bail out borrowers and lenders alike.
I can see one more bubble (a bubble to end all bubbles) in 2009 before we enter a point of singularity and have a complete break from the past.
5. it_is_going_with_a_bang said...
Just printing money to try and save their ar5es.
If it was such a great idea why havent they always done it.
Answer : Because it is not a good idea.
6. harold said...
Stimulus plan = pouring bad money after bad.
S2R1, return to gold standard?