Thursday, October 06, 2011

Rate on 30-year mortgage falls to record 3.94 pct.

Rate on 30-year mortgage falls to record 3.94 pct, article.
Good lawd, that may be less than the current inflation!

Ooooh, these are very strange times indeed. From some observers it sounds like what we may experience is not so much a "double dip" as it's a stumble and then a fall like Wile E. Coyte off a cliff. British magazine Money Week has a new ad which strongly warns against any investment positions in: 1: most stocks, 2: The Euro, 3: real estate, 4: government bonds. That's practically everything normally considered safe as houses! (Ooops, houses, not safe now! Not as investment anyway.)

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