Weekend Mortgage Rate Update 5/26/13 Inflation Is Back!
By Mike Hendrickson, Fine Homes, Short sales, excellent client services
(Premier Agent Network)
Does anyone out there recall the inflation and stagnation of the 1970's and early 1980's? Just look around and you can see inflation from the supermarket to the gas station. The Fed. had to raise interest rates to 15% plus just to get rid of it. Well it's back! We are looking at rising prices and lower wages, combined with high unemployment. The Japanese have been going through stagnation since 1990, and it looks like the rest of the world will follow. Next to drop is China, with its ghost towns build just to increase GDP. Then there is the Euro Zone and its social welfare "nanny state" that no one can afford. Wait until all these bubbles pop, and they start to print more money to fix it! Inflation will follow! See my web site at www.myslohomefinder.com for all your San Luis Obis...