This week alone, the U.S. government borrowed $118 billion, which a few months ago would have been a new all-time record. But now it's becoming a typical amount.
This Monday, it will borrow $57 billion and it will continue to borrow heavily for there is no end to its massive shortfalls. Investors are becoming increasingly concerned.
If you intend to finance or refinance a home or other expensive property, please do it soon. And do it long term fixed rate.
As for real estate values, imagine what will happen to them as mortgage rates rise.
The Federal Reserve will fight this but unless the U.S. government gets its revenues in line with its expenses, it will fail.
Dear reader, this is meant simply as a helping hand to you and not a critique of the U.S. government. I hope you find this information beneficial and I wish you well.
Dick
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