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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: axial who wrote (20881)6/19/2009 9:15:39 AM
From: RockyBalboa2 Recommendations  Respond to of 71456
 
Double boon for banks, zero short term rates for the foreseeable future and not paying any interest to client deposits and relatively high lending rates due to the steep yield curve.

If inflation pops up the administration can siphon money off by increasing taxes. Who cares about welfare.



To: axial who wrote (20881)6/19/2009 9:30:30 AM
From: Real Man  Respond to 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.