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This is getting crazy!
1 posted on 07/12/2013 6:02:48 PM PDT by whitedog57
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To: whitedog57
The Fed is trying to keep interest rates down, but they mat not be able to. Almost everything in the economy today is planned based upon low or falling interest rates since their peak in 1982. The reason why house prices have appreciated so much is not due to the quality of houses, but to falling interest rates, which allows people to buy more expensive houses with the same monthly payment.

But interest rates can't stay down forever, and when they rise, everything we "knew" will be wrong. We must prepare for an economy with rising interest rates, because what was a good strategy since 1982 will be the exact wrong strategy for the next 30 years.

2 posted on 07/12/2013 6:39:41 PM PDT by Vince Ferrer
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To: whitedog57

I’m waiting for zero mortgage rates!


3 posted on 07/12/2013 7:32:09 PM PDT by dynachrome (Vertrou in God en die Mauser)
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