Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
Internet Search
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
General Discussions
The Watercooler
Bailout effects
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="busywend" data-source="post: 198805" data-attributes="member: 391"><p>Without the bail out there is almost nothing to lend. What little there would have been would only go to the very highest in credit ratings - and probably not a very attractive rate. Then automobile sales would plummet, houses, remodels, etc - anything we typically think to borrow for. </p><p> </p><p>With the bail out the average person should be able to continue to borrow money to purchase automobiles, etc. I am not sure what the interest rates will do. I doubt there will be any variable rate loans like were offered a year or so ago that so many people are foreclosing on now. </p><p> </p><p>The only way it can work is if the rates do not go sky high and people continue to buy and live as they would if the economy did not tank. That means keeping your retirement money in the stock market. If people go running scared...it is all for nothing. by the way - that was not advice in any way, shape or form. It was simply a statement of 'what if' - and only in my opinion! LOL!</p></blockquote><p></p>
[QUOTE="busywend, post: 198805, member: 391"] Without the bail out there is almost nothing to lend. What little there would have been would only go to the very highest in credit ratings - and probably not a very attractive rate. Then automobile sales would plummet, houses, remodels, etc - anything we typically think to borrow for. With the bail out the average person should be able to continue to borrow money to purchase automobiles, etc. I am not sure what the interest rates will do. I doubt there will be any variable rate loans like were offered a year or so ago that so many people are foreclosing on now. The only way it can work is if the rates do not go sky high and people continue to buy and live as they would if the economy did not tank. That means keeping your retirement money in the stock market. If people go running scared...it is all for nothing. by the way - that was not advice in any way, shape or form. It was simply a statement of 'what if' - and only in my opinion! LOL! [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
General Discussions
The Watercooler
Bailout effects
Top