Saturday, December 8, 2007

All good news from America!!

Moneywatch

CBS news article on youtube. All lovely news. Sign of things to come.

Posted by inbreda @ 03:55 PM (973 views)
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4 thoughts on “All good news from America!!

  • They will still cut despite the employment figures. It is clear the central banks are now ignoring any inflationary signs. Back to 1% by summer next year? But will it make any difference?

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  • japanese uncle says:

    FRB is federal to the extent that Federal Express is federal. Who can expect an institution no more than a cartel of private financiers to behave in the interest of the public?

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  • dohousescrashinthewoods says:

    Well, you never know, there could be an opportunity here. If interest rates hit zero, houses halve in price and inflation takes off, why not pull every string in the book to load up on debt (albeit not easy in the future) and buy all the houses you can get your hands on? By the time prices recover prices would have kept pace with inflation, (0% in real terms) so protecting the value of the cash you hadn’t yet paid for them and what’s more you’d be able to pay off the rest of the mortgages with a single month’s salary.

    No competiton from most of the populace who will be bankrupt, along with the government. Bonzer. Having no debt now could mean party time in a few years.

    I do maintain that such rare and large upheaval, whilst causing lots of pain for many, does create massive opportunities. No point being all doom about it, just get yourself into position while there is time. Think differently and make what you can of it. I have to admit, I respect the experienced BTL for having done that over the last decade – i.e. those who no longer own property. I only hope I will be sharp enough to spot an opportunity.

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  • I think its important to remember that rising prices do not necessarily lead to rising wages. What we have is stagflation (rising prices, falling wages), or possibly deflation (destrucion of money due to bad debt).

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