screaming that rates have been too low too long? And that that is the CAUSE of the recent bubbles and current crisis?
We don't need 30-year mortgage rates in the "Fours". We need them in the "Sevens" or "Eights" with your bank actually paying in the "Fives" or "Sixes" on certificates of deposit of two years or more.
Nothing else is reasonable in a world of inflation. You say you have no inflation?
You been to the doctor lately? Been to the grocery store lately? Noticed the price of oil in the last 3 months?
Don't believe the CPI. Believe your eyes and ears.
Muser of NM @ Jul 01, 2009 13:42:20 PM
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