J
JAMESBJOHNSON
Guest
Reading the business news today, it looks like the banks are gonna hoard the bail-out money under the mattress....maybe loan it back to the Feds. But you wont get any of it.
So the Treasury is thinking about another bail-out...for states/local government and companies that cant get loans to pay bills and payroll.
Another spooky problem on radar is deflation. Oil is now less than $90 a barrel. Commodity prices are falling. Home prices are dropping...which in turn depresses the value of existing mortgages, property values, and property tax revenues. Sooner or later your pay-check has to take a hit, too.
So the Treasury is thinking about another bail-out...for states/local government and companies that cant get loans to pay bills and payroll.
Another spooky problem on radar is deflation. Oil is now less than $90 a barrel. Commodity prices are falling. Home prices are dropping...which in turn depresses the value of existing mortgages, property values, and property tax revenues. Sooner or later your pay-check has to take a hit, too.
