Jul 16 2012
Refinancing debt into prosperity – most mortgage activity for refinances with applications up 97 percent from last year and car sales are down by over 50 percent from 2001.
Shuffling papers around on your desk does not mean you are being productive but might give the appearance of activity. Refinancing debt in countries in an insolvent position may feel good for the moment, but ultimately the position is unsustainable.  You buy yourself a window of opportunity. With the Federal Reserve pushing mortgage rates to […]