The Fiscal Cliff Poll

[Admiral Yi]

The bundled mortgages are CDOs.  CDS is insurance against default. 

[Neil]

The bundled mortgages are CDOs.  CDS is insurance against default. 

What's your point?

[Admiral Yi]

I have no point.  I was telling Seedy what a CDO and CDS are.

[CountDeMoney]

I have no point.  I was telling Seedy what a CDO and CDS are.

Who gives a shit if they're CDS's, COD's or MOUSE's, they weren't the consumers' fault.

[Tonitrus]

I am going to blame the consumers...but mainly because most of their money is going to fill China's coffers.

We should bring back protectionism.

[Ed Anger]

Once again, Obama proves that he is stupid and cowardly, while the Republicans prove themselves just really, really stupid.  Then again, I suppose Obama's stupidty is derived from the American people.  The cowardice is all his own though.

The $250,000+ crowd of "job creators" have had their tax cuts for 11 years.  And guess what: there ain't no fucking jobs being created by the Ed Angers, so it's time to go back to 1999 and bring back a revenue stream.

Hey, I created over 40 fucking jobs. IN. A. FUCKING. RECESSION.

SO DON'T LOOK AT ME.

[CountDeMoney]

Hey, I created over 40 fucking jobs. IN. A. FUCKING. RECESSION.

SO DON'T LOOK AT ME.

Procreation doesn't count.

[Neil]

Hey, I created over 40 fucking jobs. IN. A. FUCKING. RECESSION.

SO DON'T LOOK AT ME.

Procreation doesn't count.

[Phillip V]

Should I wait to buy a home until after the fiscal cliff?

[MadImmortalMan]

Should I wait to buy a home until after the fiscal cliff?

Depends. If it hits equities hard (likely), then there will be a flight to bonds and interests rates will crater. OTOH, bond rates are already effectively below break-even. What happens when an unstoppable force meets an immovable object?

I'm guessing--don't use the fiscal cliff to decide. Buy when you're ready.