When interest rates begin to rise, then look out. Trouble’s coming.
Two of England’s major banks were calling for interest increases yesterday, I think. That will come here.
My bank is paying .1% for a savings account. I didn’t say 1%. I said .1%. That cannot sustain. I saw 2% on a FIVE YEAR CD being offered by some bank.
I just heard yesterday that Englands housing numbers look the worst they have looked since 2007. That is another shoe soon to drop. (real estate)