Thursday, March 4, 2010

Should I Stay Or Should I Go?

Cheers, People.
Interest rates dropped a whopping .08 percent from 5.05 to 4.97. They dropped like my jaw when my 2 year old spit out the "F" word. This comes 4 weeks before ugliness could come, or not.
"The central bank's $1.25 trillion program to buy up mortgage securities is set to expire March 31. But the Fed has held the door open to extending the program if the economy weakens" says MSNBC.
The Fed, and a couple of economists (Namely Sven Jari Stehn of Goldman Sachs. Are we supposed to trust them? I honestly can't remember.) thinks that the end of this program won't disturb the interest rate waters too much. Other economists say interest rates will shoot up like my cholesterol at a fried chicken eating contest.
The fact is that we wont know until we know. Still, if the Fed does extend the program than rates will stay low, probably.
Click on the link for the full article.
God Bless.