Oil prices shot up to a record high yesterday. The jump in prices was blamed on tension in the Middle East, Mexico cutting production due to bad weather and the ever-weakening U.S. Dollar. It’s really the last one that sticks out, doesn’t it? I know the dollar is weak, but I’ve just been counting on a rebound. Where’s the bottom?
When do all those Adjustable Rate Mortgages change their rates? How many people will be in foreclosure before Christmas? I”m thinking about starting to stuff cash in a mattress over here!