From: Lynn Wigglesworth <lynnw1366 AT hotmail.com>
To: <homestead AT lists.ibiblio.org>
Subject: Re: [Homestead] Bad day ahead?
Date: Fri, 24 Oct 2008 07:43:02 -0400
I'm still trying to figure out just what this means. How will it affect
my life? I don't even understand the 'credit crunch'; I still get credit
card and loan offers in the mail/email every day, just like I have for
years. I see ads for 0% financing for cars. Prices haven't gone up in
the grocery store (in fact,there have been some good sales lately; been
stocking up), and gas prices are down. I don't buy much other 'consumer'
stuff; is that the piece that I'm missing?
Lynn Wigglesworth
bob ford wrote:
> It is 2:20 am here. 'woke up early. Right now, the dollar is down 5%
> against the yen, I don't remember seeing the ration this low in a long
> time. The Japanese are savers. If they are starting to give up on the
> dollar, we will all (well maybe not James) be starting to see some perilous
> times.
>
> The dollar might have only been string because the socialistic paradigms of
> the Eurpoean and other countries was so much worse than ours. But, if the
> Chinese follow the Japanese and sell dollars, look out ......bobford
>
>
>
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