Political Crossfire Forums

in this context it's leveraging a lot of of risk to buy down a point

I wouldn't recommend it unless there was a specific purpose and you know what you are doing.

I love my house and it has huge potential for improvement, so at this point, we plan on staying for good. I think based on what you've said and my own feelings, it would make sense to stick with fixed.

The current situation is a debt bubble rather than a housing bubble

the reason is that "quantitative easing" is nothing less than artificially pumping up the market value of US bonds by purchasing them with taxpayer funds so they can be dumped on some bagholders who will then be stuck with our debt or take massive losses when they sell.

how this is seen to be an adequate solution for an economic collapse caused by securitizing toxic mortgages and injecting highly overleveraged risk into the economy is difficult to understand

The world,rescources and markets are all finite. Everything we do is a bubble. Thats why our little planet even looks like a little bubble drifting in space.