ajkagy wrote:wrxpilot wrote:Do you think a correction is in our future?
eventually the bubble in equities, the crushing US debt and fed pumping 85 billion dollars a month into bonds/mortgage backed securities will end badly. The economy will go into recession/depression again, rates will sky rocket when no one no longer wants to buy our debt and QE doesn't work, and our fiat currency is de-valued from the rabid money printing
so would the value go up or down?
if the price would go down but it takes more to earn said money then in effect it went up?
i think we are all in agreement that the rates will rise, which is definately an increase in price to the end consumer at the enjoyment of the banks
so do you want to owe say 250K at 5% for 30 yrs, or 100K at 15% for 30 yrs?
233k interest versus 355k interest!