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interest rates
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billybob
Posted 9/20/2010 21:04 (#1367468 - in reply to #1367181)
Subject: RE: interest rates


68340

My thinking is,

What is going to cause interest rates to rise?

It certainly will not be demand for money.

If gov. raises interest rates it will play heck with their budget repayment debts.

Gov. is almost pushing us to spend money.  10% unemployment. Don't think people are going to rush out and buy like they did 3 years ago. Everybody is scared, not retiring, paying off debts, maybe even saving, not spending like the gov. wants.

Only thing to drive up rates will be to get suckers to buy US debt.  Gov. will be very desperate at this time.  Game over anyway if that happens. 

Heard on the radio that it would take employment to increase by 500,000 jobs every single month for 2 full years before unemployment to return to 5%.  Like that is going to happen.  Maybe in China. 

In 6 more years, at the rate our gov. is operating, payment and interest on our debt will be more than our defense budget.  No country in history has ever restored themselves if they reach at point. 

Sorry for all the bad news.  I am just the messenger.  lol

 

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