OBAMA Lovers, CRS Haters, BOOKMARK THIS POST!

Here is my prediction:

1. Residential Mortgage Interest Rates will be over 10% by the end of the Great Obama's first term.

All of these great programs from the great one are costing a lot of money. We issue what are called treasuries to pay for this, treasuries are basically an I owe you. Typically, China and Japan among others buy these as we have been the most stable country in the world and we make our interest payments without fail on these treasuries.

But now, with our debt rising 100% by most accounts and our debt to growth falling substantially, guess what, thats right because the debt is riskier, Japan, China, etc. are going to want more interest. So guess what will happen, the prime rate which determines what interest rate you pay for your house, your car, your credit card will begin to rise and rise dramatically in the coming years.

2. If I am correct and rates are 10%, the great Obama will have ZERO chance of getting reelected.

BOOKMARK it.

And if you have doubts that rates can actually be 10% and even much higher take a look at history.