11-29-2006, 03:58 AM
Beachboy:
Where would you like to start? Jobs, infrastructure, schools, coqui, lava, etc...
I think you might have left one thing out of your interesting news. The dollar tanking against the pound($1.94) and euro($1.31). Most of the european banks are looking to raise their rates, so is BB going to defend the dollar or save the consumer? Heck, Japan is even suggesting a rate increase, which could shutdown the carry trade. Ever wonder why most ARMs were tied to LIBOR (London InterBank Offer Rate)? Even if the fed cuts rates it wont save people with IO/ARM/HELOCs. We are now about to enter 12 months of an inverted yield curve, anyone know what that suggests?
Where would you like to start? Jobs, infrastructure, schools, coqui, lava, etc...
I think you might have left one thing out of your interesting news. The dollar tanking against the pound($1.94) and euro($1.31). Most of the european banks are looking to raise their rates, so is BB going to defend the dollar or save the consumer? Heck, Japan is even suggesting a rate increase, which could shutdown the carry trade. Ever wonder why most ARMs were tied to LIBOR (London InterBank Offer Rate)? Even if the fed cuts rates it wont save people with IO/ARM/HELOCs. We are now about to enter 12 months of an inverted yield curve, anyone know what that suggests?