Fixed Rate Mortgages

The only way to go

One of the great things about newspapers like the Wall Street Journal or the Financial Times, is that they are not read by the majority of people. And they know this. So they tend not to couch their stories in the way that a more mainstream paper might have to.

The onrushing collapse of the American dollar and the American economy are spoken about quite frankly, even if it is treated as mere "speculation" at this point.

In any case, mortgage holders in America should start reading Forbes.com and their ilk, to find out when those interest rates are going to go into double digits.

The doom of the dollar:
http://www.forbes.com/economy/2005/01/10/cx_da_0110doomdollar.html

China owns one third of the U.S. Current Account debt.
http://news.ft.com/cms/s/bd52ee06-6dad-11d9-ae0d-00000e2511c8.html
posted by Manchild at 9:53 PM