buy or sell: The Coming Tsunami of Inflation
- 01/07/09 07:03 AM
Yes, we are currently in the doldrums and the economy looks like it is going to collapse, especially if you listen to national newscasters. After Bernanke stomped out the meteoric rise in house prices by jacking interest rates up to clamp off speculation, a downward spiral ensued of no new speculative buyers and honest-to-goodness owner-occupants unable to buy with interest-only or teaser rates on an ARM. This was followed by price reductions due to lack of demand and then no demand at all, since no one could or wanted to get a loan. Now, more than a year after that heavy hand … (2 comments)
Yes, we are currently in the doldrums and the economy looks like it is going to collapse, especially if you listen to national newscasters. After Bernanke stomped out the meteoric rise in house prices by jacking interest rates up to clamp off speculation, a downward spiral ensued of no new speculative buyers and honest-to-goodness owner-occupants unable to buy with interest-only or teaser rates on an ARM. This was followed by price reductions due to lack of demand and then no demand at all, since no one could or wanted to get a loan. ;)
;)
