June 26, 2006
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A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
17 comments:
25 points. Slow torture for the all the people with ARMS. Then when things go bad he'll lower. Can ARMS lower? I bet a lot of people are asking that right now.
should go 50 but will go 25
25 points.
My guess is just a little scenario I have cooked up in my head. Up .25, up .25, then pause, then up .125. Call me crazy but I looked back and the fed has made moves as little as 1/8 in the past.
At least 25 points, 50 would be nice. Although, didn't that prof on the UCLA Anderson video say that this (housing bubble) is way past interest rates at this point? Sorta has a life of its own.
Sheeple waiting on the fence will still jump in with the "lock in now before rates go up any farther" mentality. I still think it’s going to be a long, slow, and painful way down. The fact that anybody in this entire country is buying real estate today, and they ARE big time, just lower numbers, is an indicator of the dumbing down of America.
I think someone wrote in something to the effect: "slightly less screwed than the guy who bought yesterday, slightly more pissed than the guy who buys tomorrow"
Ben will do what it takes to get inflation under control, and right now inflation is far from under control. We have a long way to go.
Ben is going 50, it's the responsible thing to do, and another 50 after that
at least, say hello to your new best friend the CD.
Yakity blak flim flam zoom, my name is Ben and my game does loom. Watch my lips move, guess my lot, you'll die by increase or better if not.
.25 +
The FED usually overshoots by 50 basis points when at the end of their tightening.
I would argue 25bp's may be a sign that 600bp is likely, while 50bp's means that they are done.
Spreading it out is generally better. It's still at the point that it can be spread.
25 points
there are too many expections in the markets now of 50 points for him not to follow through
Lets go 50...then 50 again...then 50 more....then another 50 and wipe out retards who have no finincial common sense.....then 50 more so they fell like they just got punched in the face.....then another 50 so they feel like they got kicked in the gonads.
That would be sweet since I have no debt other than a fixed 5.5% mtg. on 100K.
25 and bet the farm. no way 0 and no way 50
0 or 50 would send the market into a tailspin - 0 says he's a puss not strong on inflation, and 50 says "oops, we're behind"
so 25 and plays it safe
100%
!!!!!.50 !!!!!!
PLEASE!!!
Bring the Volker days back!
The sooner we get there, the better off we'll be.
So .50 now, and within the next few months, start raising 1 full point at a time.
Kill this debt- ridden society and make us whole again.
Lets go 50...then 50 again...then 50 more....then another 50 and wipe out retards who have no finincial common sense.....then 50 more so they fell like they just got punched in the face.....then another 50 so they feel like they got kicked in the gonads.
How are you doing, Mr. Volcker? Nice of you to show up here! :-)
Since I want to keep my job, I will be very oblique about how I know this... June is weakening for the prime lending market. Lenders can probably hide this in 2Q since May and April were pretty good. But the softness is now spreading beyond subprime. Really, folks. It is.
We do not need any more hikes to cool off lending. But hey, I'm just a geek in a cube-- it takes time for this information to make it to the executives and policyholders.
Another 50 BP now will just be piling rocks on am already closing door.
The older folks who have a lifetime of savings in CD's and partly living off of interest income are cheerleading for more and faster rate hikes.
The younger middle class families are burried over thier heads in debt they can only service by taking on more debt.
Prime lending is slowing, the middle class is going Bankrupt in mass; foreclosures will continue to set new records.
Where does the all end?
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