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To: ctdonath2
Those "hunches" are rooted in financial realities

Sure, just like all those "financial realities" that supported those wise decisions of the great and powerful mortgage bankers.

94 posted on 07/10/2008 12:34:55 PM PDT by Prokopton
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To: Prokopton

My use of “rooted” does not mean “smart”, “solid”, or “good”; the idea was “connected to natural laws”.

The creative mortgaging of late was also rooted in the financial realities of supply and demand, and subsequently were corrected to where they naturally should be.

As such: the “hunches” driving oil speculation will eventually reach an untenable position, and a correction will occur - a correction which will have wide-ranging consequences, hopefully including a remarkable drop in prices to more natural levels. Much money will be lost in the process, and many risk-takers will learn the definition of “risk” the hard way.


95 posted on 07/10/2008 12:55:22 PM PDT by ctdonath2 (The average piece of junk is more meaningful than our criticism designating it so. - Ratatouille)
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