william the wie
Gold Member
- Nov 18, 2009
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Given that at 3% GDP growth the budget goes into surplus and construction jobs are already under wage pressure interest rates must go up to prevent/reduce wage push inflation. Housing inflation has been capped and that means that Home equity loans will go up in interest rates and states have lost their free ride with SALT increases too. This is likely to get very interesting as states find it harder to roll over their munis. This may become critical as early as April 15. Comments?
