Deflation string-article #2
This past Sunday I blogged about Nouriel Roubini’s prediction that the US economy would face deflation in the next 6 months.
Today, cnnmomney.com has also published this article in which they report that deflation is becoming more and more of a concern for central bankers.
In terms of economic health deflation is a bad sign. In terms of mortgage rates the expectation of deflation could help mortgage rates get very low. That’s why I am hoping that expectations for deflation grow so rates can move lower but that we never actually reach that point.
Posted: November 7th, 2008 under Economics & Interest Rates.
Tags: deflation, mortgage rates
Comments
Pingback from My Mind on Mortgages » Gloomy news spells one thing: O-P-P-O-R-T-U-N-I-T-Y
Time November 20, 2008 at 11:00 am
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