I read through your articles on interest rates and bonds and, well…I really wish I had majored in Finance– because alot of it was over my head.
When I first found these boards I was interested in buying a house. But over the course of my reading, I’ve become pretty frightened over the US’ economic outlook– it’s dependence on declining oil supplies, retiring baby boomers, insane debt, and outsourcing means of production.
I no longer believe our quality of life can maintain itself. But I am still trying to get a grasp of what exactly our future will look like and what I can do now to prepare myself.
Is this what it was like living in the 70’s thinking the US was on the downslide?
Can anyone hazard an estimate of monthly income spent on mortgages? I know this is a little vague but I was just thinking I hadn’t heard anything about the affects of increased spending on mortgages on the economy.
Everyone seems to agree there will be a general increase in mortgage payments when ARMs begin resetting. Assuming that there AREN’T massive forclosures and bankruptcies and people ARE able to meet there payments. To what degree would this impact the economy considering these people will be consuming less?
