Spiga

Fed HIKES rates to 2.75%

Discount Rate 3.75% The markets don't like the medicine, but the faulty CPI index is starting to climb, and real inflation is running WAY ahead of what the government is really disclosing. Cheap money is coming to an end. IT is time to consider recasting your own debt and try to get fixed rates if possible. Although the long side shouldn't climb too much, there is risk of rates heading a bit higher. I am sure the debt markets will continue to find ways to innovative and create new types of lending products. This should stem the future payment shock many think will unravel this house of cards. My estimates for a stormy front lie at about the year 2010.

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