Pretty, isn't it? It won't last.
The same is true with the extraordinarily low interest rates available right now.
They won't last.
Don't be a spectator. Jump in and get that low-interest-rate nectar while the getting's good.
Real world conditions
- The US has more than $8 trillion in Treasuries outstanding. That's nearly double the amount just three years ago.
- China, who holds much of our debt, is experiencing a real estate bubble, with values up nearly 12% from a year ago. It's economic expansion is slowing, though, and that's going to be a problem.
- Europe hasn't figured out how it's going to solve the sovereign debt problems of members Greece, Portugal & Spain.
The risk of hyper-inflation has not gone away, and no one in the press (other than talk-radio stations) is taking Congress or our present Administration to task for fiscal irresponsibility.
I'm just sayin...
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I'm Mike in Tucson, your preferred Tucson Mortgage Lender.
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