You're just incapable of a rational discussion, aren't you? ************************************************* Barack Obama is not My President
http://www.cafepress.com/rightwingmike --- On Thu, 12/4/08, Ricardo Aráoz <[EMAIL PROTECTED]> wrote: > From: Ricardo Aráoz <[EMAIL PROTECTED]> > Subject: Re: [OT] How to determine if a market has hit THE bottom. > To: "ProFox Email List" <profox@leafe.com> > Date: Thursday, December 4, 2008, 5:58 PM > Nicholas Geti wrote: > > ----- Original Message ----- > > From: "Ricardo Aráoz" > <[EMAIL PROTECTED]> > > To: "ProFox Email List" > <profox@leafe.com> > > Sent: Wednesday, December 03, 2008 11:11 PM > > Subject: Re: [OT] How to determine if a market has hit > THE bottom. > > > > > > > >> Nicholas Geti wrote: > >> > >>>>> And over that same period prices of > houses rose astronomically. > >>>>> > >>>>> > >>>>> > >>>> Ok. So here's my advice for you two > lads. Borrow as much money as you > >>>> can at whatever interest rate you are > asked. If the interest rate is > >>>> tied to inflation or to nominal rate then > THAT'S better than static > >>>> interest. Go ahead! The world will be > yours! > >>>> > >>>> > >>>> > >>>> > >>> You are doing the same thing as Geoff. Adding > assumptions to the > >>> borrowing > >>> model that started this discussion. I have > never seen an interest rate > >>> for > >>> borrowing tied to inflation. They are always > fixed rates. > >>> > >>> > >> Yup, tell that to the poor people that lost their > homes to rising > >> interest rates! > >> > >> > >> > >> > > You are still going off the original topic. We were > talking about loans at > > fixed interest rates; not whether borrowers had the > skill to evaluate risk. > > Obviously they were either stupid or lied to and > believed the lie. When I > > got my fixed rate mortgage, most banks refused to lend > the money even with > > the income from my wife. They were tough 40 years ago. > > > I don't give a rat's ass for your prehistoric > stories about how you > bought your house 40 years ago. We are talking of > what's going on right > now, and the credits that provoked the present situation > were taken at > most 4 years ago I guess. > > > > --- StripMime Report -- processed MIME parts --- > multipart/alternative > text/plain (text body -- kept) > text/html > --- > > _______________________________________________ > Post Messages to: ProFox@leafe.com > Subscription Maintenance: > http://leafe.com/mailman/listinfo/profox > OT-free version of this list: > http://leafe.com/mailman/listinfo/profoxtech > Searchable Archive: http://leafe.com/archives/search/profox > This message: > http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] > ** All postings, unless explicitly stated otherwise, are > the opinions of the author, and do not constitute legal or > medical advice. This statement is added to the messages for > those lawyers who are too stupid to see the obvious. _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
