Will the US Market pick up - The Finance Forums: Financial planning, debt help, loans, mortgages, retirement and 401k, investment, and general finance discussion forums

philgtc · #1 (**permalink**) 12-07-2007, 07:30 AM

Hey all

My Mortgage is through a company in Australia that lends from an American Source.

As the interest rates in the US went up so did my Mortgage Payment.

I am one of the lucky ones that have a degree of Financial Stability and can cope with the rises.

I see now that George W Bush is offering a recovery package to help individuals in the US. Do you think this will see inflation rates decline in the US and therefore see some stability in interest rates in the US.

Hermes · #2 (**permalink**) 12-07-2007, 10:49 AM

If the idotic bail out plan will have any impact in inflation it will pressure inflation higher. I seroulsy doubt that it will have any significant impact on inflation at all and definately not to the downside.

The bail out plan which was announced yesterday is a clear move away from the free market policy and crossed into the lines of socialism.

What's next? Is the government going to bail out investors who lost money in equity markets due to stupid trades/investements?

This was politically motivated and if next year would be a normal year and not an election year this bail out plan would have not been announced. The press release yesterday was very carefully worded so that it won't sound like a bail out plan and to sound like the free market policy is still in tact but it clearly isn't.

I think this was a horrible move and a blow to the free market policy as well as a step away from capitalism.

SCCA · #3 (**permalink**) 12-09-2007, 03:32 PM

I hope it picks up, I want to make some money

Dru · #4 (**permalink**) 12-09-2007, 05:51 PM

Ditto Hermes

jezspencer41 · #5 (**permalink**) 03-15-2008, 11:45 AM

Unlikely in the short term

2cents · #6 (**permalink**) 03-16-2008, 06:01 PM

Hi

With the recent interest rate cuts and now an announcement for a whopping $200 billion cash injection into the banking sector should make a difference, but the hard part is turning themarket psychology.

GarySpicuzza · #7 (**permalink**) 03-17-2008, 12:38 PM

Hermes wrote:

Quote:

What's next? Is the government going to bail out investors who lost money in equity markets due to stupid trades/investements?

Yes, but only if you didn't invest any money in the market in the first place.

Kind of like the "Earned Income Credit" where they take somebody elses EARNED INCOME and give to people who paid in nothing.

True story...last week two couples with broken English stopped by my office wanting to know where or how to get their Gubment stimulus checks!

When I asked if they filed their income tax return they said no and wanted to know how to do that. I sent them to H & R Block.

It's interesting to see how the clueless bottom feeders come out of the woodwork to pick up a Gubment check and are oblivious to anything else.

For real change vote for me!

tsdonnely · #8 (**permalink**) 03-18-2008, 06:10 AM

definitely no upturn in the near future... consumer sentiment is at its lowest in 16 years.. because its a crazy time right now

david007 · #9 (**permalink**) 03-18-2008, 02:05 PM

I would suggest to
SELL AND GO HOME

bizcash · #10 (**permalink**) 03-28-2008, 11:35 AM

California's hyper-inflated price of homes caused this bubble to burst.
For several years now the real estate prices in CA were ridiculous!
A condo the size of a closet....$500,000 ! GET REAL! And the lenders who gave mortgages in that amt on a property that should be valued at $125,000 tops added to the problem. And now they expect the govt and taxpayers to bail them out?? Ahhhh don't think so!

Yet another Bush blunder!

Top economists can't figure out that borrowing money from China to pay for a "war" is causing the dollar to fall and fail? The falling dollar is a huge threat to this country yet no one talks about that.