Quote:
Originally Posted by rustomatic
Greg, the great research authority that is CNBC is definitely doing a good job of trying to show how things are looking a lot like 2006. The house I bought in 2006 (in Arkansas, not CA) came with a 6% interest rate. It wasn't a bad deal, even though the one I have now is at 4%. As the mortgage bubble burst, rates went up, along with gas prices and everything else; Priuses were being bought above market, and dealers in the Midwest were literally giving away Dodges and Chryslers (if you bought one). Everything's a pattern that can be found in the past (as your experience has undoubtedly demonstrated), short of trying to track Goldman Sachs' trading algorithms . . .
It would be interesting to see the world with the crazy interest rates from the late 1970s/early '80s. The thing about that would be a completely different economy . . . 
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I couldn't disagree more --- what they --- and including my personal team of bankers and hedge fund managers are saying ---- is to "keep a heads up". We are speaking in this particular forum thread about INVESTING 102.... which is information relating to being relatively new at investing - the relationships - the things that can cause ups and downs. It's not an advanced econ class.... that would be a different thread.