INTEREST RATES

Interest rates rose by thirty basis points last week. I anticipate a continued rise in coming weeks. In the immediate weeks I would think that a hundred basis points is in order. Longer term, more than that. Look for Greece to default, and/or the Euro to slip from its present level of 1.33 to the dollar down to 1.27 to the dollar. These will be bad signs. Deflation of the dollar and inflation of goods and services. A value added tax (VAT) is on the way for the American public, for the debt is too high.

Available cash is safer in real estate. So let's find where yours is most effective for you. Email me from this blog or from my web site: john@johncmartin.com.