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Old 07-22-2012, 04:16 AM   #25
Timoxari

Join Date
Oct 2005
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513
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[quote]3 ) Over 7% yield and rising, eh? SOUND THE FIRE ALARM. ALL HANDS ON DECK! SIX-ALARM FIRE ALERT! Clang Clang Clang. Grab yer pants, firefighter fellas, the fire pole is bold, brassy and beckoning.

And this 7% is alarming against what historical metric? Have we forgotten over here in lah lah land when 7% was considered excellent credit card rates, or excellent home mortgage rates, or excellent car loan rates?

Didn't we have 20% rates or prime + not so long ago under Volcker?

But, alas, I guess 7% is high and indicating terrrrrrrrrrrrrrrible financial system risk and strain. Helen, where's my aspirin<b>....I think it's going to be a big one
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