Cowgirl
Well-Known Member
I would think that the rising gas, fuel, food, etc prices made it next to impossible for people to pay those mortgages. Combine rising commodity prices with increased layoffs, and people start going into foreclosure.
Oil falls to 3 year low.
- Thread starter ImnoMensa
- Start date
I would think that the rising gas, fuel, food, etc prices made it next to impossible for people to pay those mortgages. Combine rising commodity prices with increased layoffs, and people start going into foreclosure.
Larry Gude
Strung Out
...
...it's happening now. Every time there was a huge spike in oil prices, it is followed by a CRASH. It happened in the 80's and the 90's. March of, I think '98, I was paying $.35 a gallon for heating oil. Right now, it's just under $2. That still SUCKS major azz but it is a damn sight better than $4.
NOW is the time to build in the capacity to manipulate oil prices by being able to modulate our own supply in order to allow for global events in order to keep a steady, consistent price. Open ANWR. Add new wells. Oil as national security.
The petrifying reality for the greens is that by doing more exploration we WILL find vast new oil fields.
...it's happening now. Every time there was a huge spike in oil prices, it is followed by a CRASH. It happened in the 80's and the 90's. March of, I think '98, I was paying $.35 a gallon for heating oil. Right now, it's just under $2. That still SUCKS major azz but it is a damn sight better than $4.
NOW is the time to build in the capacity to manipulate oil prices by being able to modulate our own supply in order to allow for global events in order to keep a steady, consistent price. Open ANWR. Add new wells. Oil as national security.
The petrifying reality for the greens is that by doing more exploration we WILL find vast new oil fields.
Larry Gude
Strung Out
...
...it all contributes, but, if your mortgage jumped $1,000 a month when your trial period or 'balloon' was over, what's a bigger problem, the mortgage or getting to work every day?
The housing bubble bursting is, by far, the primary problem. Oil made it a good bit worse.
Look at it this way; we've spent something like $2 trillion too much since 2004on over priced oil. That would put us in a MUCH better position now had those dollars stayed at home, but, we've made something like $7 trillion in commitments to 'fix' the economy of late. So, there's a comparison; oil can be said to be 2/7ths of the problem.
...it all contributes, but, if your mortgage jumped $1,000 a month when your trial period or 'balloon' was over, what's a bigger problem, the mortgage or getting to work every day?
The housing bubble bursting is, by far, the primary problem. Oil made it a good bit worse.
Look at it this way; we've spent something like $2 trillion too much since 2004on over priced oil. That would put us in a MUCH better position now had those dollars stayed at home, but, we've made something like $7 trillion in commitments to 'fix' the economy of late. So, there's a comparison; oil can be said to be 2/7ths of the problem.
Cowgirl
Well-Known Member
Toxick
Splat
desertrat
0_0
Goose and the golden egg?
chernmax
NOT Politically Correct!!
Because doing less and making more is all they care about!!!
desertrat
0_0
R
RadioPatrol
Guest
Yeah but @ $130 you make really obscene profits to further fund Jihadists .... excuse me Madras
Larry Gude
Strung Out
Pete
Repete
Actually Greenspan continuously lowering interest rates was worse.
Larry Gude
Strung Out
...
...if that was supposed to be a joke...it bombed.
Yeah but @ $130 you make really obscene profits to further fund Jihadists .... excuse me Madras
...if that was supposed to be a joke...it bombed.
Larry Gude
Strung Out
...
...how does lower interest rates change, materially, someones basic qualification for a $200,000 home loan on a $30,000 income?
...how does lower interest rates change, materially, someones basic qualification for a $200,000 home loan on a $30,000 income?
R
RadioPatrol
Guest
...if that was supposed to be a joke...it bombed.
Your still the smartest guy in the room, most days ........
Larry Gude
Strung Out
...
...man, I love lower interest rates.
As I say, what does a lower interest rate have to do with a no doc loan for someone who doesn't meet traditional loan quals in the first place even if it is ZERO interest?
...man, I love lower interest rates.
As I say, what does a lower interest rate have to do with a no doc loan for someone who doesn't meet traditional loan quals in the first place even if it is ZERO interest?
Larry Gude
Strung Out
R
RadioPatrol
Guest
Larry Gude
Strung Out
...
...Pete's probably furiously working the SOMD mortgage calculator right now to prove me wrong about Greenspan and interest rates.
(I already checked that!)
lol
...Pete's probably furiously working the SOMD mortgage calculator right now to prove me wrong about Greenspan and interest rates.
(I already checked that!)
Toxick
Splat
What we got here... is a failure to c'mmunicate.
I wasn't asking for reasonable, logical, and rational well-thought-out reasons that they might have, or should have, for bolstering failing economies.
I was asking if there was any tangible evidence that indicates that they actually do give a tiny rat's ass about helping wounded economies. From what I can see, that's not their job, their problem, nor their inclination.