Fed Raises Another Quarter
http://money.cnn.com/2004/12/14/news/economy/fed_rates/index.htm
Views? Predictions?
http://money.cnn.com/2004/12/14/news/economy/fed_rates/index.htm
Views? Predictions?
-Fed will continue to raise rates slowly. I predict Mortgage rates around 8% by end of next year.
-Dollar will continue to lose value when suddenly all of the Asian banks shift to Euro
- Fed immediately raises rates by 2-3% points. Mortgage rates will be around 12-13%
- Housing sector will completely collapse
- Few more high end corporate scandals will be revealed
- High budget deficits, trade deficits, high debt ridden american consumer, dollar at a all time low against the Euro by 2006
- A consumer led depression by 2008.
You think all these things will not happen? Well, we certainly have the makings for it.
My 2 cents.
Please submit this as an article, so everybody can see it and you can get credit for it. Click on Articles > Submit an Article.
Thanks.
You might be able to repost from some of the smaller sites...but if you start reposting from www.cnn.com they are likely going to get angry...
mortgage rates follow the 10 yr TBill. since the Tbill hasnt been moving much, mrtg rates are pretty much the same as they've been for over a year.