Every single interest rate chart I am looking at seems to be saying the same thing: lower rates, dead ahead, and for years to come. People will think this is great news, but it isn’t. Rates aren’t dropping because banks want to be nice. They’re dropping because the economy is heading for a brick wall.
Want to know what else interest rate action is saying is dead ahead? A recession, as one stable genius might describe it, “like nothing anyone has ever seen before.”
