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“There is nothing government can give you that it hasn’t taken from you in the first place”
Sir Winston Churchill -
And regardless the socialist policies, they'll stick with failure as they know it anyways.Your signature picture has been removed since it contained the Photobucket "upgrade your account" image.
"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents. Charity is no part of the legislative duty of the [federal] government." ~ James Madison
"If you've got a business, you didn't build that. Somebody else made that happen" Barack Obama -
this guy is great
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How bad will the destruction of the Euro hurt the dollar?
On the one hand, it should re-establish without doubt the dollar as the premier reserve currency............but how till that affect our worldwide competitiveness?Need parts now? Need them cheap? steve@blunttech.com
Chief Sales Officer, Midwest Division—Blunt Tech Industries
www.gutenparts.com
One stop shopping for NEW, USED and EURO PARTS!
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^
It will also force a lot if investment capital back to the USD treasuries and so on. This will really push the dollar up in the world scale (in theory anyway) and bring commodities down (you know oil) for us anyway.
But How long will that last, and how long before we have to deal with our own spending problems and this will only be buying time IMO. How much time. a lot or a little is the only real question here.The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de TocquevilleOriginally posted by Fusion
The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken
Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
William Pitt-Comment
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No arguments with that at all. It might spur a lot of bounce back in our economy, but I dont think it will be the magic fix all bullet, and will help in the long and short run I thinkThe American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de TocquevilleOriginally posted by Fusion
The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken
Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
William Pitt-Comment
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sorry but that will not happen if the euro craters.
the euro craters if greece is forced to leave, or chooses to leave the euro. they pretty much don't have any other choice. or if spain needs to be bailed out, which is the current path they're on. there isn't enough $ to bail out spain.
the problem is what another greek default means to the european banking system. its pure havoc. another financial crisis on the heels of the USA financial crisis. its throws the world into a nasty deflationary recession/depression which will make the coming USA recession deeper and longer.
the 10yr treasury goes to 1% yield and the 30yr to 1.75% as world wide capital seeks a safe haven. we will probably have negative t-bill yields again, that is you pay the US treasury to get your money back. great time to look for a mortgage if you can qualify.“There is nothing government can give you that it hasn’t taken from you in the first place”
Sir Winston ChurchillComment
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Yep, we tried to refinance a few months ago, but got dicked over on our appraisal. "Above average condition home in stable neighborhood" = $10k (about 10%) drop in 2.5 years.
It was a problem because we were going to roll the refi in with the loan, and leave our money in savings.
We will likely go ahead and do it either in the spring, even if we have to pull the $5k out of savings.
I was approved for the refi at 2.75% for 15 years.:???:Need parts now? Need them cheap? steve@blunttech.com
Chief Sales Officer, Midwest Division—Blunt Tech Industries
www.gutenparts.com
One stop shopping for NEW, USED and EURO PARTS!
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Your signature picture has been removed since it contained the Photobucket "upgrade your account" image.
"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents. Charity is no part of the legislative duty of the [federal] government." ~ James Madison
"If you've got a business, you didn't build that. Somebody else made that happen" Barack ObamaComment
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