September 27, 2006
HOW DO WE SLEEP WHEN OUR BUBBLE'S BURSTING?:
New home sales up... (Chris Isidore, 9/27/06, CNNMoney.com)
Meanwhile, the folks who've been holding off on buying a house are making a killing in the market and the Fed's about to start cutting rates. Just wait'll immigration amnesty adds tens of millions of new home buyers....
Posted by Orrin Judd at September 27, 2006 1:43 PMVia Dailypundit:
The U.S. is currently paying out more to foreign lenders than it is receiving for the first time in at least 90 years, which could weigh on the dollar and force Americans to work even harder, according to a report published Monday....
Good/bad/neutral???
Why?
Good. We repay them at a low rate of interest while reaping a high return on our stocks, houses, educations, etc.
Posted by: oj at September 27, 2006 6:02 PMIt's good, as long as we don't have Hugo Chavez-type meatheads elected to office who make stupid statements about repudiating the debt.
Posted by: Brad S at September 27, 2006 8:00 PM