Tuesday, March 07, 2006

Let's hope they are not going down

NEW YORK (AP) - Stocks were mostly lower Tuesday on resurgent fears of rising interest rates. Investors sold stocks as bond yields remained high, government data showed wages rising and a Federal Reserve official warned more interest rate hikes may be needed. [WTOPNews]
Let me get this straight. The US economy is not the healthiest it has been in quite a while, we are mortgaged to the hilt at all levels from the Federal government down to Ma and Pa and the farm they reside on. Credit debt is at an all-time high and the Mint cannot print money fast enough. And there are fears the rate might be raised? I would be more afraid if it was lowered.

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