Tuesday, February 07, 2006
The Mob is on the run and killing all longs
I hope you sold when I said to fear the mob.
Mortgage rates shot up when American's went on record for having the lowest savings rates since the great depression.
truly a deep concern. The $3,000 you pay down your mortgage each year is not consider savings and because we have some of the MOST AFFORDABLE housing in the world few others can make this down payment on their debt. We also put into the Federal retirement program, which does not count as savings. Despite this we should be saving more. And with rates this low there is no excuse for the existence of the 30 year mortgage. Everyone here should be working towards debt freedom within 15 years or less.
The charts still say sell, but a GROWING industry with a PE of under 7 will turn, but the great deals will be here tomorrow so I shall wait.
Mortgage rates shot up when American's went on record for having the lowest savings rates since the great depression.
truly a deep concern. The $3,000 you pay down your mortgage each year is not consider savings and because we have some of the MOST AFFORDABLE housing in the world few others can make this down payment on their debt. We also put into the Federal retirement program, which does not count as savings. Despite this we should be saving more. And with rates this low there is no excuse for the existence of the 30 year mortgage. Everyone here should be working towards debt freedom within 15 years or less.
The charts still say sell, but a GROWING industry with a PE of under 7 will turn, but the great deals will be here tomorrow so I shall wait.
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