Interest rates are rising like a rocket ...
... which means that if you have been thinking about buying a house or a car, every day that you wait makes the monthly payments more expensive. You can see what I'm talking about with the payment calculator at . I'm definitely not an advocate of borrowing money in any form, but if this is something that you were going to do anyhow you may be able to save beaucoup bucks in interest payments by doing it quickly instead of waiting.
PS the flip side is that anybody who has money invested in bonds, either directly or through a retirement plan, should prepare to take some HEAVY losses.
Re: Interest rates are rising like a rocket ...
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PS the flip side is that anybody who has money invested in bonds, either directly or through a retirement plan, should prepare to take some HEAVY losses.
too right melonie 10 year tres. bottom outed a month or 2 ago (good news for me but not everyone), convertible bonds are a viable transition IMO.