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Get ready for the next "bubble" ---- my 1st house in 1978 required 20% down for a 30 year fixed mortgage at 9-3/4%. Since then, the dropping of interest rates allowed home prices to appreciate much faster than inflation & wages due to the monthly payment buying "more house". Going forward from here --- I don't see w...more
Our government just shot another arrow through any hope for job growth in America ---“The Federal Reserve pledged to keep its key interest rate at its record low of nearly zero through the middle of 2013…”
I think Business 101 will have companies respond by:
– Never fight the fed (forecast of near zero growt...more
I am a boomer...
- I worked starting at age 14 (golf caddy & paper delivery)
- I had to pay my own college (I worked vs. student loans)
- at age 24 I bought my 1st house with 20% down --- the mortgage amount of 50K scared the crap out of me so I made double payments (my furniture was limited to some used lawn fur...more
If revenue increases are proposed by the President (for example: tax the rich -- using the Clinton Administration rates) -- is the government going to commit to reducing spending back to the levels during the Clinton Administration (% of GDP)?
– The solution for a gambling addiction problem is not more ca...more
4/13/2011
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