Thread: Porsche bubble?
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si Banker si Banker is offline
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The real bleeding will start when interest rates begin to rise, which they have to. You can not cut taxes, increase spending and have a war without starting inflation.

MBS, mortgage backed securities, are bundles of home mortgages which are put into pools and sold on wall street to pension plans and investor es. What will happen when interest rates are 9% to 12% and the MBS only has a yield of 5%. All of this is based on the assumption that everybody pays their mortgage payment.

There is a financial tidal wave coming and inspite of what people say a car is not an investment and in the case of most Porsches they are a luxury and to be enjoyed. If they go up in value so much the better.
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History is the lie we all agree to..........

Last edited by si Banker; 07-11-2010 at 01:45 PM.. Reason: forgot something
Old 07-11-2010, 01:37 PM
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