Jim’s Rant For The Day. It Feels Like Deja Vu for Deju Vu Day Again.
Today the US 2 Year Treasuries rate shot up to 3.5%, Reminiscent of 2007 just before the Bank Bail Out. Source
Today NBC announced that BOA is now offering new mortgages without a down payment and no closing costs. Isn’t this also reminiscent of 2007 just before the Bank Bail Out? Source
I think we are seeing the second collapse of the first collapse in 07 - 08 of the global economic system.