Anyone who gives you their opinion about the direction of interest rates in the future is giving you just that their opinion. Im not sure any piece of information could be further from the realm of helpful. The problem with predictions about the future is that we tend to make decisions based on them and we rarely check retroactively for accuracy. Rates are low right now act if it makes sense - gamble if you want to, but make sure you can pay the bet if you lose.
Wednesday, March 25, 2009
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