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Re: Home Prices Seen Dropping 10% in U.S. on Foreclosures: Mortgages

By: Decomposed in ROUND | Recommend this post (0)
Thu, 05 Apr 12 3:04 AM | 47 view(s)
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Msg. 40222 of 45651
(This msg. is a reply to 40212 by ribit)

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re: "you cannot spend yourself rich and you cannot borrow your way out of debt. It don't matter if you are an individual or a nation."

Nor can you borrow yourself rich . . . or spend your way out of debt.

Rules to live by. I wish Bernanke knew these simple truths.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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The above is a reply to the following message:
Re: Home Prices Seen Dropping 10% in U.S. on Foreclosures: Mortgages
By: ribit
in ROUND
Wed, 04 Apr 12 5:54 PM
Msg. 40212 of 45651

captain
I am not the most astute student of financial wizardry, but I know that you cannot spend yourself rich and you cannot borrow your way out of debt. It don't matter if you are an individual or a nation.


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