I’ve said before that I don’t think interest rates are going up anytime soon…still…
I’d say we won’t see noticeably rate increases for 10 more years+ or longer…
Noticeably as in anything over 5% on the 30 year fixed rate…
One thing you left out that is all over the press now is European country rates for a lot of economies are BELOW the US rate. France is at 1.75% I just saw and a lot of others are at ~2% or so. So France is in better shape than the US with 50% youth unemployment? Uhh, yeah, US can fall further even and there is huge fears in Europe of deflation. They are thinking of having a negative rate in EU soon.
In the end, I think we are headed to be like Japan and rates are going to be low for a long time.
Deflation will be very scary if it comes here. Especially since I got shit loads of debt.
