Matty--- You are on the money except for one important element. The bankers are stuck between a rock and a hard place. Our government was the initiator (starting in 1976) for banks to loosen their grip on credit so more Americans could own their own homes and start their own businesses. Now the government wants them to continue this practice while still making sure the consumer can afford them. They are walking a tightrope. I had predicted more than a decade ago that too much credit would sink our economy one day. I was in Milton's camp back in the 90's. It just took the sale of mortgage backed securities to make it come to fruition.
You either didn't read my post or you didn't understand it....let my rephrase.....gas prices are going up, but it has nothing to do with what gas is worth, it has to do with the fact that it take more dollars to purchase a barrel of oil because the dollar's value is decreasing due to dilution.
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