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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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HOUSING DOOM: 27% of US Homeowners Underwater (up from 23%) !!!
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Poster Handle
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Chris Jusset |
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Post Content
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They cant raise rates for multiple reasons.
1. The primary banks ie JP Morgan have hundreds of trillions of derivatives. If interest rates rise by 1% the banks will stand to lose billions.
2. Resetting interest rates 1% will just add to the foreclosures and drop house values even more.
QE 3 is a guarantee whether they call it that or not.
Quoting: Anonymous Coward 990655QE3 is absolutely guaranteed. QE4 is absolutely guaranteed. QE5 is absolutely guaranteed. QE6 is absolutely guaranteed. QE7 is absolutely guaranteed. QE8 won't happen because of TOTAL COLLAPSE !!!
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