Inflation on the way back?

29 06 2008

Alan Greenspan, the master of the Fed, indicated in his book that the pressure leading to low interest rates was due to increasing numbers of low price workers coming in to the work place. Places like China and India being a big part of that increase of the work force.

Now, with the world economy stabilizing on the work force, and no new pools of cheap labor available, interest rates should increase until various forces are equalized – somewhere in the double digit area.

So, this sounds like an excellent time to lock in mortgages and other long-term loan rates.

More, here, on ABC.

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