This is just the beginning I suspect.  The rate for emergency loans from the Fed went up to 0.75% today, up from 0.5%.  It’s really a trivial move, but it signals far much more than just a quarter point increase in rates.

This is the beginning.

Readers of this space know that I feel interest rates will go up.  They have to.

You can’t spend money like our Government has been printing it and expect any semblance of balance to be maintained.

If the economy were going great gangbusters right now it would be a different story.  In general, debt is not necessarily bad.  But like many households in the last several years, our Country can no longer service it’s debt without taking on even more debt…

So interest rates (and I’m certain, taxes too) are going up so we can get some cash out of the economy.

Finance