Yes, If you believe the next 10-30 years will be the same as the last 10-30yrs.. not so likely IMHO Huge credit fuel property booms tough lending standards gave away to easy lending interest only 5-10% dep ...... we are all turning Japanese going to zero to negative core rates... consumers can only handle so much debt per household ....how much longer can the same consumers keep paying each other more and more for the same houses
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No western Govt wants higher rates ... well, not if they want to be elected again.. I see Trump is calling for rate cuts and some FED members want more QE .. so much for balancing the books..
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