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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: SouthFloridaGuy who wrote (102568)9/28/2009 2:40:36 AM
From: Perspective  Read Replies (4) of 116555
 
Lower rates in 2002 led to an incredible reduction in the monthly cost of "owning" a home, which led directly to the asset bubble.

Throwing $8K down payments and $4K cash for clunkers is chicken feed compared to the stimulus afforded by lower rates in 2002.

The only thing that matters right now is the immense deficit spending by Obama. If that is ever normalized, voluntarily or involuntarily, without a recovery in the private sector, double dip will engulf this terminally ill economy.

`BC
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