Hold On – Interest Rates Are Going To Increase During The Second Half Of 2010 And Into 2011

Interest rates have nowhere to go but up.  Interest rates will rise during the second half of 2010, and they will continue to rise during 2011.  This is going to cause a lot of pain for the U.S. economy and for American consumers.  Unfortunately, this is not just the opinion of a handful of half-baked Internet nutjobs.  This is the assessment of the New York Times and of the highly respected economists that they interviewed.  It seems that virtually everyone in the financial community agrees that it is inevitable that interest rates are going to rise.  And that is really bad news for the U.S. economy. (Read More...)