For those of you that care, interest rates changed three times today- upwards.  This means that you will pay more to borrow your money today than yesterday and tomorrow more than today.  Why, you ask?  It is late, so I will be short : We are losers!

 

1.    Housing starts (new construction) is at its all time low in 17 years.

2.    The price of crude oil is over $115 per barrel

3.    The dollar is now $1.59 to the Euro.

 

I think:

 

1.    The fact that they are building less houses is really smart, because they cannot sell what they have on the market anyway!

2.    I am glad I drive a Saab

3.    I am happy I am going to South America on my next trip rather than Europe.

 

Tomorrow, I will be out of the office, so I will save money on gas.  I am at an all day Symposium at the United Nations concerning Human Rights and War. (Don’t forget I am an attorney and this is my thing.) I would imagine, although devastating to participate in this, it will be more rewarding than the rest of this crap that is going on.

 

Losers!

 

Dale Siegel

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