Will we get a Deficit Reduction Plan and an increase in the Debt Ceiling in time? This could be an interesting week. That is still the big question. So far, the markets seem to believe that Congress will burn the midnight oil and strike a deal. I hope so and I hope it is one both sides of the aisle can and do embrace. Time is running out. The closer we get to the deadline without a deal, the more likely the market is to start pricing in the risk of both a (0 comments)
interest rates: Interest Rates
- 07/15/11 12:28 PM
From the desk of Barb Crea, Yesterday, our underwriter walked in to my office and asked me if I knew when interest rates had last been at 7.0% or higher. As it happens, I have been keeping track of interest rates since the early 80's. The answer: March 2002. Given the stalemate in Washington over the budget, and the current debt ceiling, I thought it might be important to issue a pointed warning today that these incredibly low interest rates may soon rise. In fact, if an agreement is not reached soon, it may be too late to do (6 comments)