[palmer]

How quickly we forget that rates were higher than 10% as recently as 15 years ago. Why can't that happen again?

Short term rates (which ARMs are based on) will be held as low as possible while maintaining the "strong dollar" rhetoric. But long term rates could shoot up if the Asians decide to stop the gravy train. Ironically they could do that if they see such low short term rates that they lose long term confidence in the dollar.

[durasell]

Here's a question: Could higher fuel costs this winter push a lot of folks over the financial edge?