Wednesday March 22, 2017
 

Interest Rates, Obama & The End Of The World

Interest rates are on the rise and this time even the Fed is out of bullets. With the government unable to control inflation the future looks bleak.

Interest rates are on the rise and this time even the Fed is out of bullets. With the government unable to control inflation the future looks bleak.

With 10 year bond prices back over 2% you're sure to see the housing market retract as many buyers become unable to purchase with the higher interest rates.

Although this current rise in rates appears to be more from the outflow of money from bonds and into the stock market, as opposed to inflation. We do believe this to be the beginning of the end for the US financial market.

 The major reason for this future economic collapse is not going to be housing bubble of the past; it's going to be the debt load that Barack Obama has continued to saddle this country with. George Bush most definitely takes the blame for starting us in this direction, but Obama's constant drive for socialism and spending is going to destroy this country.

With the bond market falling out of favor you can bet every corner of the world is going to feel the next credit crunch. Whether we're talking car sales, home loans, private loans, commercial loans or private small business loans everyone's going to feel it down the road.

One industry I would not want to be in right now is the lending business. As a loan officer it's going to be worse than 2007 with housing sales continuing to shrink and refinances non-existent with these higher rates. You can bet it's going to be hard road ahead for them and everyone else.

Look for interest rates to creep over 5% by the end of 2013.

You have no rights to post comments