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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Oblivious who wrote (78466)	2/4/2007 10:27:11 PM
From: Box-By-The-Riviera™	Respond to of 110194

must bookmark this for later reference.

To: Oblivious who wrote (78466)	2/5/2007 5:23:40 AM
From: MoneyPenny	Respond to of 110194

we once had a 10.75% mortgage and were happy to get it. we were even happier to refinance to another. we paid almost 1.5 points extra because of our commission based incomes. while it is hard to imagine high mortgage rates, it is possible, if not probable. MP

To: Oblivious who wrote (78466)	2/5/2007 11:21:12 AM
From: Dan3	Read Replies (1) \| Respond to of 110194

You have to have lived through one of those periods to believe it. Take a look at the rest of the series and just imagine how stunned people were in 1981. From 1969 to 1977 things were basically flat, then bam! Rates almost doubled in 5 years. All we need is for the Yuan start being treated as a reserve currency and it could happen again - and a lot faster, too. Keep in mind that in the 70's the US dominated the economic world in terms of production and consumption. Today, money has somewhere else to go. DATE , TCMNOMY10 1962, 3.95 1963, 4.00 1964, 4.19 1965, 4.28 1966, 4.93 1967, 5.07 1968, 5.64 1969, 6.67 1970, 7.35 1971, 6.16 1972, 6.21 1973, 6.85 1974, 7.56 1975, 7.99 1976, 7.61 1977, 7.42 1978, 8.41 1979, 9.43 1980, 11.43 1981, 13.92