Wednesday, November 26, 2008

Economic Musings

1. If you liberals think the federal government has a handle on how to fix the economic mess the federal government got us into in the first place, disappointment awaits you. They don't have a clue.

2. GM makes a profit on cars made in China, but the United Auto Workers don't operate there. The dems in Congress won't impose any hardship on the unions when they give the automobile companies money later this month.

3. If you have a mortgage on your house, you should look into refinancing in the next few months because interest rates are going to drop like a stone for those who qualify with good credit and equity in the house. Look for 4.0 to 4.5% interest rates on 30 year mortgages.

4. Inflation problems in this country will hit in 4-5 years and your money will lose as much as 50% of its current value. We should all buy some gold coins with the "free" money the government sends out in the so-called stimulus package.

5. Passive stock investors (those who buy and hold) have a really sad future before value comes back to the holdings. I suggest CDs as replacements.

6. This is going to be really a rough decade for the economy.

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