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ProShares UltraShort Real Estate Message Board

  • lzymoney01 lzymoney01 May 6, 2008 5:25 PM Flag

    Feel Bad for the working class

    Most people I talk to dont understand that the main reason there Energy and Food prices are so high is because of what the Fed is doing lowering rates, printing more money, oil is pegged to the dollar, people are more in debt then anytime in history, and the feds think that because he lowers rates the banks are going to loan to the consumer and things will be off and running again, how many people do you know with equity in there homes? that can borrow money again to pay off the credit cards? how many people are looking to buy a new car? he saved the financial sector and he thinks the RE will recover? he actually said that banks should forgive principle on home loans to save them from forclosure? are you kidding me, is this guy that stupid. I live in a place where white people are a minority, in Los Angeles, and when the Riots again I dont want to be here.

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