Debt Consolidation | edsion009 | juillet 11, 2009,06:50
This did not happen with the 10 year as the Federal Reserve Bank decided to buy US debt to push the yield on the 10 year treasury rate well below the support level of the 50 day moving averagel. Over the last few weeks, the yield on the 10 year treasury mortgage rates has sold off incredibly. I do not find it ironic at all that this happened the exact same day the support levels were being tested. In most free markets, a sell off like this would mean that an inevitable bounce would happen at a support level.
Obviously this is very good for home owners and consumers right now. The issue that will arise is the fact that we are going to see hyperinflation in the near future. Do you think that printing money and putting a cap on interest rates is the right thing to do right now? Will that lead us out of this recession?Now that we see this going it, it sure seems like the government is trying to cap mortgage and interest rates. If the government continues to print money to try and get us out of this recession, we are going to see the value of the dollar slide.
Article suivant | Article précédent | Rétroliens (0)