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Bailout effects
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<blockquote data-quote="slsh" data-source="post: 198819" data-attributes="member: 8"><p>I would think that with a good credit history, loans will still be available. I'm really dense when it comes to economics, but my impression is that this crisis was in part caused by adjustable rate loans being made to folks who didn't qualify for the usual fixed-rate loans and when the rate when up, they couldn't cover the costs (over-simplified explanation I'm sure, LOL). I do think that we're all going to be held on a much tighter leash now in terms of late payments and new loans, etc.</p><p> </p><p>I do think we're going to see a significant rise in inflation (a la late 1970s) with increased interest rates and higher prices. The treasury is going to have to eventually print more money to cover this bail out which will actually cause a drop in the value of a dollar and here comes inflation. Great if you're saving money but not so great if you're still paying credit cards off or trying to get a new loan. At least, that would seem the logical consequence of this thing but then again, logic doesn't seem to have a *whole* lot to do with the bail out in the first play, in my very humble and simple opinion. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite2" alt=";)" title="Wink ;)" loading="lazy" data-shortname=";)" /></p></blockquote><p></p>
[QUOTE="slsh, post: 198819, member: 8"] I would think that with a good credit history, loans will still be available. I'm really dense when it comes to economics, but my impression is that this crisis was in part caused by adjustable rate loans being made to folks who didn't qualify for the usual fixed-rate loans and when the rate when up, they couldn't cover the costs (over-simplified explanation I'm sure, LOL). I do think that we're all going to be held on a much tighter leash now in terms of late payments and new loans, etc. I do think we're going to see a significant rise in inflation (a la late 1970s) with increased interest rates and higher prices. The treasury is going to have to eventually print more money to cover this bail out which will actually cause a drop in the value of a dollar and here comes inflation. Great if you're saving money but not so great if you're still paying credit cards off or trying to get a new loan. At least, that would seem the logical consequence of this thing but then again, logic doesn't seem to have a *whole* lot to do with the bail out in the first play, in my very humble and simple opinion. ;) [/QUOTE]
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