I'm feeling that we're somewhere around a short-term top today. There is massive resistance above where we are right now and there are tons of internal divergences at present.
OTOH, some other news/articles have come across the wires today that makes me think that a total economic collapse is even more likely to occur down the line (among the mess of options available). Guess it's time to start preparing as such.
Hey, Sam old chap, with the world now printing currency like the way BRTD puts up polls, is there any reason why I shouldn't be loading up on 4.5%-4.75% 30 year fixed interest mortgages? Ya, I know about the AMT beast for refi interest (it ain't deductible for AMT purposes), but didn't our president say he didn't like the AMT or something?
You're supposed to be an elderly, responsible, moderately wealthy man and you're asking that madcap for investment advice? In the first place he knows nothing, and in the second every dime he suckles from the parental teat comes (as does my own) from precisely the policies he decries.
Btw, what do you mean, you want to be buying mortgages or you want to take out some mortgages? From the expectation of inflation implied in your post I presume you meant borrow some money on some properties you have. But please do keep in mind that deflation is still quite likely. As you can see above people are talking about the Fed 'going through' '300 billion', 'sooner than expected'. This kind of talk shows an economic mentality that totally fails to grasp the situation - putting limitations on printing, or 'setting amounts' is absurd.
The Fed should be printing vastly more than 300 billion, and it should be in creative, unpredictable ways, focusing on getting the money to those who will spend it. For example just dropping bales of money into poor neighborhoods.
