Friday, May 29, 2009

Want to see something really scary?

This is the one month graph of 30 year fixed rate mortgages. The blastoff at the right end happened Wednesday this week.

Just for balance, here's a happier graph for those who are holding Canadian Dollars. This is from March 2 through today. We're at .91 US$ to the Loonie this morning, the highest level since last October.

Yang cannot exist by itself; it can exist only when it is supported by yin.
___________Shao Yong