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Loan Modification
: Mortgage Lender Implode-o-MeterFed Study: US Long-Term Interest Rates To Double
By Implode-Explode Heavy Industries
The US deficit has blown out from 3pc to 13.5pc in the past year but long-term rates are largely unchanged. Assuming Mr Laubach?s ?typical estimate?, long-term rates have to climb 2.5 percentage points.
...
The study is damning because Mr Laubach was the Fed?s economist at the time, going on to become its senior economist between 2005 and 2008, when he stepped down. As a result, the doubling in rates is the US central bank?s own prediction.
Full post as published by Mortgage Lender Implode-o-Meter on July 06, 2009 (boomark / email).
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