Housing Bubble Bursting?

[moh malekpour]

65 euros is exactly what I meant.
If you were living in one of the EU nations, you would NOT have noticed as high of an increase in fuel prices, as increase in # of euros per barrel has not been as great.

Kapish ???

If not have a look at this chart
... and try changing time period to 2yrs

http://www.advfn.com/p.php?pid=qkchart&symbol=FX^USDEUR

You possibly noticed that you confused me with your post. May be I took it out of the context but that is what I saw Current cost in Euros is around 65euro and I didn't look at the prior sentece. I thought you meant current value of a dollar is 65 Euro. I said I wish it was. I have been posting about the conversion of Euro and dollar all the time and know it very well. I even converted it for you but Just got confused with what you meant

 

[Terrel L. Shields]

The bottom line is that fuel is costing more in the U. S. compared to other countries and its due to the value of the dollar falling as well as fundementals in the market place.

BTW, the time to invest in alternative energy research is during low fuel prices. Instead our government only responds to the extreme pressure of high prices.

 

[Austin]

I have been reading the morning news and connecting the dots. Citi Bank is in the headlines. Losing tens of billions with tens of billions more yet to surface. Guess who is the largest share holder in Citi Bank and has a member on the board of directors? It is Saudi Arabia. It is Saudi money going up in smoke.

Now connect the dots. If you lived in Saudi Arabia and just took a bath in red ink in American financial securities, how could you recover your losses? Put your thinking caps on. Would you not just raise the price of oil and or buy up all of the commodities and selling them back to the American public at inflated prices? It is the Golden Rule of economics in action. "He who owns the gold makes the rules."

This crisis has more lose ends than a fuzzy bear. It is a real education watching it filter down, around, and through. Who was it that said trickle down economics is a myth? The Fed cutting interest rates is just a tax on the retired people and their retirement funds. I bet the printing presses in Washington are going 24 hours a day printing new money to cover the loses all to be recouped by inflating the money. The entire economy is nothing but a Ponzi shell game.

 

[sunnycal]

I have been reading the morning news and connecting the dots. Citi Bank is in the headlines. Losing tens of billions with tens of billions more yet to surface. Guess who is the largest share holder in Citi Bank and has a member on the board of directors? It is Saudi Arabia. It is Saudi money going up in smoke.

Now connect the dots. If you lived in Saudi Arabia and just took a bath in red ink in American financial securities, how could you recover your losses? Put your thinking caps on. Would you not just raise the price of oil and or buy up all of the commodities and selling them back to the American public at inflated prices? It is the Golden Rule of economics in action. "He who owns the gold makes the rules."

This crisis has more lose ends than a fuzzy bear. It is a real education watching it filter down, around, and through. Who was it that said trickle down economics is a myth? The Fed cutting interest rates is just a tax on the retired people and their retirement funds. I bet the printing presses in Washington are going 24 hours a day printing new money to cover the loses all to be recouped by inflating the money. The entire economy is nothing but a Ponzi shell game.

Saudia Arabia is not one person so the person who loses from Citibank is not necessarily the same person or corporation that owns the oil. There are plenty of other people who benefit from high oil prices including our president and his friends, not to mention the Dutch and British. Also tell me why as a consumer should I want high interest rates. If we weren't pouring money down the drain for this war then all of that money would be available for circulation in the economy.

 

[Austin]

Sunny Cal: The lounge is closed, you must have missed that news, so I will be as gentle as possible.

Saudia Arabia is not one person so the person who loses from Citibank is not necessarily the same person or corporation that owns the oil. Corporations don't control Saudi Arabia. Family clans do. Don't mess with the clan. There are plenty of other people who benefit from high oil prices including our president and his friends, not to mention the Dutch and British. True. None benefits more than the political class who use oil and gas as the greatest money taxing scheme ever devised. If you think that will change you are smoking to much cal weed. Also tell me why as a consumer should I want high interest rates. I want high interest rates because I owe nothing and have a lot of money invested as many present and potential retirees do. You might want the housing market to recover too and it is high interest or no funds. If we weren't pouring money down the drain for this war then all of that money would be available for circulation in the economy. True and oil prices would be $200 as opposed to $93/bl. If you could get it that is. That is where that money saved from the war would go.

 

[moh malekpour]

I want high interest rates because I owe nothing and have a lot of money invested as many present and potential retirees do. You might want the housing market to recover too and it is high interest or no funds

Austin,
High interest rate is the only remedy to our illing economy. The only way that our economy and for that matter the global economy can get back to its feet again is by increaing the interest rate. It would cleans the system and starts over as a healthy economy as it used to be. Lowering the interest rate is like throwing fuel to the fire. We need another Paul Volcker to take a bold step and get the economy back to normal. What is this? The wall street and big financial institutions are competing in going down and taking write downs. How long this is going to last?

 

[Austin]

Austin,
High interest rate is the only remedy to our illing economy. The only way that our economy and for that matter the global economy can get back to its feet again is by increaing the interest rate. It would cleans the system and starts over as a healthy economy as it used to be. Lowering the interest rate is like throwing fuel to the fire. We need another Paul Volcker to take a bold step and get the economy back to normal. What is this? The wall street and big financial institutions are competing in going down and taking write downs. How long this is going to last?

I know that and agree moh. Tell it to Sunnycal. :Eyecrazy: Remember, next year is a presidential election so don't hold your breath waiting for Volcker thinkers.

 

[sunnycal]

Sunny Cal: The lounge is closed, you must have missed that news, so I will be as gentle as possible.

Saudia Arabia is not one person so the person who loses from Citibank is not necessarily the same person or corporation that owns the oil. Corporations don't control Saudi Arabia. Family clans do. Don't mess with the clan. There are plenty of other people who benefit from high oil prices including our president and his friends, not to mention the Dutch and British. True. None benefits more than the political class who use oil and gas as the greatest money taxing scheme ever devised. If you think that will change you are smoking to much cal weed. Also tell me why as a consumer should I want high interest rates. I want high interest rates because I owe nothing and have a lot of money invested as many present and potential retirees do. You might want the housing market to recover too and it is high interest or no funds. If we weren't pouring money down the drain for this war then all of that money would be available for circulation in the economy. True and oil prices would be $200 as opposed to $93/bl. If you could get it that is. That is where that money saved from the war would go.

I don't get your connection of the war to the lower price of oil. The uncertain situation is one of the reasons that the price is constantly going up.

 

[Mike Garrett RAA]

I say we take over Iraq, Iran, and Saudi Arabia and all their oil! After all, half or more of the country thinks that's why we are there anyway.

 

[Randolph Kinney]

Credit tightening makes mortgages unavailable for many

Unprecedented tightening in lending standards reported

WASHINGTON (MarketWatch) - This summer's credit squeeze prompted an unprecedented tightening in lending standards at major banks, according to the Federal Reserve's quarterly survey of bank lending officers.

Major banks made it much tougher for all types of customers to get loans over the past three months, the Fed reported, providing some fresh details on how bad the credit crunch was.

As credit standards toughened, demand for loans also fell.

Residential mortgages were harder to get than at any time in the 17-year history of the Fed's survey of banks' senior loan officers, the Fed said. The survey covers 52 domestic banks and 22 foreign banks, which together account for a majority of bank lending in the country.

For jumbo prime loans, which are given to borrowers with good credit who want mortgages about the conforming limit of $417,000, about 55% reported fewer orginations, and about 50% increased their lending standards.

The credit crunch extended far beyond subprime, the survey revealed, hitting commercial real estate loans, commercial and industrial loans, and lines of credit to back up commercial paper. Banks also tightened standards for consumer loans.