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Refi Madness Again?
By Hubert Senters on July 30, 2012
Interest rates are falling even more—what next?
Should you refinance…again?
How will you know when rates will begin to rise?
What chart will tell you when you should get on the refi express and 'git ‘er done'?
Find out in my video today!
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Peter
July 30, 2012 at 10:20 pm
I would have drawn the trend line, higher, on the current end, as such it has already broken the trend.
This means to me, that the Fed is losing control. Interest rates may continue to fall due to momentum, no other reason, but it is the last bus to leave town.
It also appears that a new trend is forming, which also suggest that the Fed is losing control
Remember Countries are dumping the US$ for trade. Thus the US$ is losing respect.
QE3 may be the straw that breaks the camels back. If that happens!
I remember a phone Company that cared for no one, and spent tons of money to maintain a Monopoly, Eventually the Government was forced to break the Monopoly. This Company tried to do everything to stem the people dumping them, it failed, people have long memories.
They eventually created new telephone Companies, pretending they has nothing to do with the old Company, they survived - ONLY.
Peter
Peter.