According to semi-trained economist Christopher Stolee, the US economy should bottom out in the second quarter of 2009. If you are looking to buy a home, refinance a mortgage, or borrow money for your business this is the time to do it. Christopher Stolee says you may never see interest rates this low again in your lifetime.
This economic "recovery" is being financed by printing more money. If the USA wants China and other foreign investors to keep buying US Government bonds, interest rates will have to go up. Get your necessary borrowing done now and pay off those high interest credit cards if you can.
