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Tag Archives: interest rates
The Fool in the Shower
‘Fool in the Shower’ to Give Fed a Good Scalding: Caroline Baum: What the Fed is saying, in essence, is that as the economy improves, it’s appropriate to provide as much stimulus, or support, as it did in late 2008, … Continue reading
Interest Rates on Portugese Bonds Hits 15%
Portugal 10 Year Yield Passes 15% For The First Time, Is Where Greek 10 Year Was In August And Greek bonds recently hit 415%.
30 Year Mortgage Rate Down to 3.88%
Interest rates on the 30-year fixed-rate mortgage hit another low this week, averaging 3.88% in Freddie Mac’s most recent survey of conforming mortgage rates, released on Thursday. The mortgage averaged 3.89% last week and 4.74% a year ago. Rates averaged … Continue reading
Interest Rates and the Debt Crisis in Italy and America
Megan McArdle – Euro in Crisis: Is the Italian Domino Falling? There have been some rumbles about Italy for a while. Italy’s budget deficits are relatively modest compared to, say, Ireland, but their debt is about 120% of GDP. The … Continue reading
Third Verse Same as the First
Normal interest rates would be ruinous for the indebted U.S government. We’re continuing the fantasy by moving our credit card balances to a new credit card with an introductory rate, AKA quantitative easing. Wall Street Journal – The Deficit Is … Continue reading
Economic Nutpunch: Japanese Debt
Mish: The situation in Japan is so dire that if interest rates were to rise to a mere 3%, interest on the national debt would consume all revenues. That sure seems like a lot of risk to me. That debt … Continue reading
Normal Interest Rates Would be a Disaster for U.S. Debt
“The Most Predictable Economic Crisis in History”: If fewer people are willing to lend us money, the more we’ll have to shell out in higher interest payments. And if bond buyers lose confidence in our ability to make good on … Continue reading
Your Daily Economic Nut Punch: the Deficit
Reason – The President’s Brain is Missing! (When it Comes to the Budget) President Barack Obama’s 2012 budget proposes to spend $3.48 trillion on everything except interest on the national debt. That’s a 7 percent increase over what the government … Continue reading
Bonus 2011 Deficit FAQ: Why is the Federal Reserve buying U.S. Treasuries?
“An abundance of money which would lower the interest rate to two per cent would, in reducing the financing costs of the debts and public offices etc., relieve the King.” – John Law, Controller General of Finances of France, 1720 I … Continue reading
How Crashing Bond Markets Affect Interest Rates
The Most Dangerous Bubble of All: The Swift and Certain Impacts Of ALL Bond Market Busts … Let’s say I pay $10,000 for a $10,000 face value bond paying 5 percent. I earn $500 in interest each year. No more, … Continue reading
Fed Raises Discount Rate
From 0.5% to 0.75%. This is the beginning of the gradual and inevitable rise in interest rates. Previously – Interest rates to rise or fall? The man who sets interest rates says “rise”
Interest rates to rise or fall? The man who sets interest rates says “rise”
Ben Bernanke is chairman of the Federal Reserve, which sets the interest rate at which banks borrow money in the United States. He apparently thinks the Fed is going to raise rates, judging by the fact that he refinanced his … Continue reading