Let’s be civil. The Flathead Beacon encourages vigorous discussion and lively debate, but we will delete comments that attack other readers, make accusations we can’t verify, stray too far off topic, criticize local businesses (call them if you have a problem), convict someone of a crime, use profanity or are simply judged to be in bad taste. We don’t always have someone moderating comments, so we ask for your help: If you see a comment that violates these ground rules, or you simply deem it offensive, please e-mail editor [at] flatheadbeacon.com. The views expressed in the comments section do not reflect those of the Beacon.
By Citizen on 03-17-08
This makes sense as tragic as it is. With the Fed lowering the interest rate every week it is bound to slow the flow of capital and investments into everything and anything. Why loan money when the returns can’t even match the devastating erosion to the US dollars purchasing power caused by inflation? The dollar is crashing and wall street knows it. The US government simply spends too much, printed too much fiat currency, and refuses to listen to economists such as Antal E. Fekete that know what is coming down the line for the US economy. We are facing the mortgage and credit crisis, a severe contraction of credit world wide, where nobody wants to loan anybody money. Chances are these loans if made would end in default. Americans are tapped out. We have borrowed on endless credit to buy over priced homes with overvalued dollars. Real estate is projected to continue its free fall in value, the DOW is projected to hit 8000 by years end, and gold is projected by many many financial experts to reach $1500 to $2000 per ounce. Then there is the price of oil hitting $110 a barrel, and the crisis surounding the price of food and groceries rising. We are heading into troubling economic times. For more great reads on these topics check out http://www.professorfekete.comhttp://www.silverbearcafe.com and http://www.financialsense.com Educate yourself and preserve the wealth of your family. This is not a “cycle”, this is a major recession bordering on depression. Remember, it is a recession when your neighbor loses his job, it’s a depression when you lose yours.
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Let’s be civil. The Flathead Beacon encourages vigorous discussion and lively debate, but we will delete comments that attack other readers, make accusations we can’t verify, stray too far off topic, criticize local businesses (call them if you have a problem), convict someone of a crime, use profanity or are simply judged to be in bad taste. We don’t always have someone moderating comments, so we ask for your help: If you see a comment that violates these ground rules, or you simply deem it offensive, please e-mail editor [at] flatheadbeacon.com. The views expressed in the comments section do not reflect those of the Beacon.
By Citizen on 03-17-08
This makes sense as tragic as it is. With the Fed lowering the interest rate every week it is bound to slow the flow of capital and investments into everything and anything. Why loan money when the returns can’t even match the devastating erosion to the US dollars purchasing power caused by inflation? The dollar is crashing and wall street knows it. The US government simply spends too much, printed too much fiat currency, and refuses to listen to economists such as Antal E. Fekete that know what is coming down the line for the US economy. We are facing the mortgage and credit crisis, a severe contraction of credit world wide, where nobody wants to loan anybody money. Chances are these loans if made would end in default. Americans are tapped out. We have borrowed on endless credit to buy over priced homes with overvalued dollars. Real estate is projected to continue its free fall in value, the DOW is projected to hit 8000 by years end, and gold is projected by many many financial experts to reach $1500 to $2000 per ounce. Then there is the price of oil hitting $110 a barrel, and the crisis surounding the price of food and groceries rising. We are heading into troubling economic times. For more great reads on these topics check out http://www.professorfekete.com http://www.silverbearcafe.com and http://www.financialsense.com Educate yourself and preserve the wealth of your family. This is not a “cycle”, this is a major recession bordering on depression. Remember, it is a recession when your neighbor loses his job, it’s a depression when you lose yours.