Dow back over 8000

[Torie]

I'm feeling that we're somewhere around a short-term top today.  There is massive resistance above where we are right now and there are tons of internal divergences at present.

OTOH, some other news/articles have come across the wires today that makes me think that a total economic collapse is even more likely to occur down the line (among the mess of options available).  Guess it's time to start preparing as such.

Hey, Sam old chap, with the world now printing currency like the way BRTD puts up polls, is there any reason why I shouldn't be loading up on 4.5%-4.75% 30 year fixed interest mortgages?  Ya, I know about the AMT beast for refi interest (it ain't deductible for AMT purposes), but didn't our president say he didn't like the AMT or something?  

[Torie]

It appears to be a no brainer to me actually. The costs are about 1% for residences and vacation homes, and 3% for income property. The rate drop would be about 1%, so you break even pre tax in about 3.5 years for income property, and a bit over a year for the residences.

I work about half time as a kind of avocation at this point. I had a rather high savings rate. If consumers were in general like me (at least until recently when I started to substantially accelerate my spending), the US would be in a permanent depression.

[Torie]

You must be logged in to read this quote.

That "sounds" fascinating. Pity I have no idea what it means.

[Torie]

I had a rather high savings rate. If consumers were in general like me (at least until recently when I started to substantially accelerate my spending), the US would be in a permanent depression.

No. Either investment (direct or indirect) would increase proportionately, or prices would fall until markets cleared.

Sure there will be market equilibrium eventually. However, the standard of living would be slashed, unless one counts more free time as a good.