Monday, June 22, 2009

CD Rates Will Go Up!

All of us who have allot of money in cash, money markets, treasuries, and CDs are being made to feel very foolish right now with the ridiculously low yields being offered. The Government and Financial Institutions want you to become impatience as many of us have and start dumping the remainder of our cash into the Equity markets.
Remember: printing billions in paper in conjunction with historically high federal deficits will ultimately demand rates get higher. I'm not insinuating that it will happen this year, but I do strongly believe it will occur as early as the second quarter of 2010.
So for now avoid the temptation to surrender into the Stock Market because once the treasury stops the printing presses all Hell will break loose and rates will rise rapidly!

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