It's a matter of perspective I guess. All my life I cringed when I read "Fed raises rates again". That meant houses were going to get more expensive (to pay for), credit card bills would get higher, new car loans would be higher, all my stocks would go lower, and I didn't have a savings account, cash or CDs so couldn't care less about higher return there.
Now? Like many of you - the exact opposite. No debt, foreign stocks, cash in 4.75% savings (about to be 5%!), no ARM, no desire to buy a home, no car loan. And a big desire to have the dollar strong (living in Europe and all).
And one heck of a strong desire to get this bubble deflated sooner rather than later.
So to the moon Mr. Ben! 5%! 6%! 7%! 8%! go go go!!!
OK, I'm a sick mutha f*cka. But I guarantee I'm not alone on this one, eh?
March 28, 2006
Posted by blogger at 3/28/2006