[quote=anxvariety][quote=carlsbadworker][quote=flu]Rates are gonna stay low per fed action[/quote]
That said, if there is a black swan event[/quote]
Like the reference. Interested in what your interpretation of the term is?[/quote]
6 years at the earliest is my prediction….
That approximately 1 admininstration + 2 additional years of possibly a new administration to try to administer a change (if any)… No this isn’t a political thread jack..
I’m just saying, in all likelihood, these bailouts/low interest rates will continue for another 4 years. they may continue longer if the next administration decides to continue with status quo. But then even IF they decide to do a course correction, it won’t happen immediately anyway…
Just look at how this fiscal cliff is being handled. Everyone’s trying to be “delicate” about it… Neither side wants to fall of the cliff and actually cut spending..They’re talking about deficit reduction when they really should be talking about debt reduction….Yeah, I don’t think we’ll see much policy change for some time….
Just look at how our government is trying to solve problems. They really aren’t fixing anything. They’ll not letting things fall or let rates rise. They’ll do anything possible to keep everything the status quo…Regulation? Phhhh. What new regulation…..And in case you haven’t noticed, subprime lending is starting again.. Just look at the auto industry again.
GM sold of GMAC (Ally) during BK and Ally had all those subrpime loans. After being bailed out, GM is now buying back parts of Ally and is already starting subprime lending again… It’s not just them, it’s happening at Chrysler too.
You can bet give or take a few more years, we’ll be back at subprime lending for housing again (beyond the already instruments the current government has)…
In this country, savers lose. Always has, always will. Get with the program….And plan accordingly…if you can take a cheap loan out and beat the bank so to speak, then by all means do it. And even if you fail miserable and get FC on…Not a big deal anyway….
Why do you think suddenly I’m trying to take on as much government subsidized debt as possible by cashing out as much as possible?
