Rates going up?

would you give USA your hard-earned cash when you knew they were going to:
- spend it on pork projects
- print more money
- inflate inflate inflate making the treasuries you just purchased less and less each day

Surely you would demand more interest on the money you just loaned out?

Eg.

You loan your relatives 100 dollars at 1% interest because they say they desperately need the money
- the next week you see them driving around in a new car and eating in fancy restaurants

They ask you to borrow more money a month later.. this time you ask for 1.5% interest because you were disgusted at what you saw last month
- the next week, the same relative uses the money to buy a home for 100 dollars, but its really only worth 20 bucks... your relative felt sorry for the seller so he paid over ask

They ask you to borrow more money a month later.. this time you ask for 5%...

Get the idea... change that you can believe in!

My take, the 10 year Treasury bond yield is up 100 basis points in 5 weeks which mortgage rates track.

It's the fallout from the need of the Federal Gov to finance the bailouts, stimulus plans and the rest of the garbage........$2 trillion plus in 2009, alone.

buglerex.. the only change you can believe in is happening between my legs as NYC RE prices fall :)

OH.. yes LT IR will increase... Chinese aren't that dumb? Maybe they all licked too much lead paint toys :) in their youth. Silly kids lead is for paint :)

w67thstreet,

The change between your legs?? oh you mean the sex change you are undergoing?

I guess I set myself up for that one :)

i was referencing hardwood.... not carpeting :)