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Strategies & Market Trends : The coming US dollar crisis

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To: axial who wrote (20881)6/19/2009 9:30:30 AM
From: Real Man   of 71456
 
Rates went back up Yesterday. Basically, everyone's credit is
screwed and banks are loaded with cash with the populace too
broke to borrow. Fed's QE policy goal was to bring fixed mortgage
rates down to 4-4.5% by Summer. Mortgage rates went up instead
and are currently 120 bp higher.
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