Monday, June 01, 2009

How Soon Before Interest Rates Have To Go Up?

SEARCH BLOG: ECONOMY
  • The price of oil is up over $20 per barrel.
  • The stock market is up about 2,000 points.
  • The federal government is spending $ trillions as if it were $ billions.
  • The automotive industry is going bankrupt.
  • Unemployment rates are creeping higher.
  • Consumer spending is staying down.
  • Housing construction is demolished.
The signs are clear. Prepare for inflation. Prepare for higher interest rates. The first three points are not supported by the last four points. The conclusion is that the dollar must drop in value... inflation... and to cover the cost of the dropping dollar, lenders must charge more for loans... higher interest rates.

President Obama has a plan to spend us into prosperity. The only problem is that there is a bill awaiting and it will be a shocker.

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