REad this full post for a contrarian viewpoint of the economy. If you read my article about the Superbowl XLV ticket sales, you will see why I included this excerpt from news today: to see more including his world view click on the title link.
Inflation and Rising Interest Rates: America’s Newest Imports: "While it may be in the best interest of the United States to keep interest rates low compared to the rest of the world in an “off the books” greenback devaluation play, my readers need to keep know about these two important facts:
In a letter to the Financial Crisis Inquiry Commission from Fed Chairman Ben Bernanke dated December 21, 2010, Bernanke says that the Fed failed in 2005 to see the risks in the housing market. Do you think the Fed will hesitate to raise interest rates if the Dow Jones Industrials hit 13,000 or 14,000 in an effort to fend off another stock market bubble? I think it will.
Finally, the chart of the bellwether 10-year U.S. Treasury shows that a base has been forming at the 3.4% level since mid-December to today. I believe that base will act as the foundation for a move by the 10-year Treasury to its next stop of four percent. The yield of the 10-year Treasury is up 41% since October 2010 and keeps pushing higher."