Showing posts with label runaway inflation. Show all posts
Showing posts with label runaway inflation. Show all posts

September 26, 2007

HousingPANIC Stupid Question of the Day


Did you change your investment strategy after Bernanke panicked, destroyed the dollar, and cut rates 1/2 point?

(Hint... you still have time. And I sure did, that minute to be exact...)


"The world economy 'is probably at its scariest point since the Depression' as fallout from the US subprime mortgage crisis crimps access to credit, said Ethan Penner, a pioneer of the $600 billion commercial mortgage-backed securities market in the early 1990s. 'We're probably at the closest point to a big meltdown, a depression-type meltdown than we have been in our lives,' said Penner ... now a principal at real estate fund management firm Lubert-Adler Partners LP