Greenspan is right. The question, of course, is when. I really thought interest rates would really make a move up after the 2010 election. And here we are 4 years later, and loan and savings rates are about the same.
Something will happen, eventually, but none of these people know exactly when, or what. These predictions are like saying that ‘rain is coming’. Of course it is, eventually.
I’m not in any way saying that we aren’t at significant risk. I think the whole world is at risk, and as a father it concerns me like nothing else.
“I really thought interest rates would really make a move up after the 2010 election. And here we are 4 years later, and loan and savings rates are about the same.”
Obama will try to keep the ball in the air so the crash is on the R’s.
I think after or just before Obama leaves so they can lay the blame on the next President. I believe they are pulling out all the stops, straining at the seams to keep it all from bursting now, just when Obama is in the midst of planting mines all over America’s landscape.