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I follow your stringing of the fed & Repugs, but this year rates are still at all time lows and the only salvation this regime has in showing something tangibly positive (low mortgages, loans and re-fis for those who still can cash in)...it's the only thing keeping the housing maket alive that is used to counteract the real bad state of other sectors of the economy.
Speaking to a banker, I am told to expect rates to stay flat (helping the GOOP) as long as they can hold them, however these people are chomping at the bits to see rates hop up a quarter point here and there to start squeezing extra money out of people's pockets (primarily the middle and lower classes). This person went as far to tell me that higher rates this year will help fuel a market boom (artificial, since this will be based on projected earning reports issued before the election that can (and usually) are distorted...similar to the "boom" we saw last year that this regime claimed was the economic turn around.
I watch the price of oil carefully...I firmly believe the price rose sharply in 2000 (the first real spike we had had since Poppy Bush) that fueled the energy mess out west and slowed down the economy. Nothing affects commerce in this country more than increased fuel and transportation costs.
In my tinfoil hat world, I see the current rise as a set up...we'll see gas go to $2.50 or $3.00 a gallon...people will squeal, but in the clamour of the election will be muted...plus people will suck up the extra bucks to keep their SUVs rolling. Then, right after Labor Day (how convenient), the price will drop...maybe back to $2 a gallon, maybe a lot further depending on how things are shaping up with the GOOP. If things look bad for bunnypants, look for $1 gas.
We face a corporate monolith that is deep in bed with this regime and haven't had it so good...and they did it through manipulation...expect this to be a weapon we'll have to fight and feel yet can't see.
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