StreetsofSilver
New Contributor
As I write this, the price of gold is $773/oz (the lowest that I have seen it since 2006). Just six months ago, it was peaking at about $1000/oz. The value of the dollar has gone up. The price of gas has gone down. Yet, banks are failing left and right (not to mention the Fannie/Freddie bailout) and the unemployment rate is at its highest.
Countrywide announced that they (again) will do 100% financing for home loans as long as the buyer is purchasing a foreclosed home that is owned by Countrywide. (In other words, Countrywide is the lender and the seller). I hear that Citi is about to roll out a program that gives 100% financing to qualified buyers with a credit score above 730.
What do you think are the reasons for this "economic turbulance"? Is it related to the economic stimulus checks (fiat money), speculators selling off commodities, etc.? Also, which direction do you think that the country is headed in (both short and long term)?
Countrywide announced that they (again) will do 100% financing for home loans as long as the buyer is purchasing a foreclosed home that is owned by Countrywide. (In other words, Countrywide is the lender and the seller). I hear that Citi is about to roll out a program that gives 100% financing to qualified buyers with a credit score above 730.
What do you think are the reasons for this "economic turbulance"? Is it related to the economic stimulus checks (fiat money), speculators selling off commodities, etc.? Also, which direction do you think that the country is headed in (both short and long term)?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today