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  #1  
Old 12-17-2008, 08:27 PM
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Fed lowers rate...

Money is now damn near free, yeah. Anyone else notice the dollars scary decline against the euro in the past week and a half? All the gains it had made are just about gone, at this rate by the end of the week.

Since inflation is going to nail us super hard in the not to distant future, maybe I should rack up about $100k in CC debt now while it has some buying power. I'll pay them back in a couple of years when $100k will buy a loaf of bread.

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Old 12-17-2008, 08:49 PM
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So I should buy a house now? I got about 20k saved up in my rainy day fund
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Old 12-17-2008, 08:57 PM
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I would, thats what I keep telling my friend who is hedging. Get out of cash.
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Old 12-17-2008, 10:01 PM
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Quote:
Originally Posted by 123c View Post
So I should buy a house now? I got about 20k saved up in my rainy day fund
Just try to find a bank that'll extend you a mortgage...
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  #5  
Old 12-17-2008, 10:51 PM
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Some inflation is better then deflation/depression.

It is hard for me to get worried about inflation
with home prices down 20%, oil at $40 from $147
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Old 12-18-2008, 05:46 AM
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If you take your twenty grand and work at it you could buy a livable house in many places just for that much.
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  #7  
Old 12-18-2008, 06:50 AM
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I think the Euro is up right now because the ECB (European Central Bank) is refusing to cut rates as the Fed and every other group has done. They can't hold off much longer. Whole world economy is correcting right now. Just keep an eye on China. Their books are a bit suspect anyway.
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  #8  
Old 12-18-2008, 06:56 AM
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Can't wait until the Fed starts paying people to borrow money.
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Old 12-18-2008, 01:23 PM
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I'll gladly let them pay me 1% to loan me $1m, no strings attached, I'll take one for the team!

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