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US Fed Bernake keeping interest rates near zero until 2014.

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    US Fed Bernake keeping interest rates near zero until 2014.

    I wonder what you guys think of this news?

    I am trying to figure out what we should be doing in our operation.

    Try to borrow some inexpensive money and work to increase our farming business and positive cashflow?

    Does anyone else feel uneasy these days about the future?

    #2
    Interest rates globally will stay very low for a very long time.

    Bank of Canada has finally 'hushed up' about hiking rates. But this was too late for many Canadians locking in long-term mortgages on Cdn bank interest rate fear-mongoling. These long-term mortgages were a nice rate spread for the banks to pick off though.

    Europe's unsolvable debt mess will likely spill out into the media possibly in February. Stock markets at risk of setback sometime soon.

    Errol

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      #3
      As a grower who has kept his borrowings short term and floating the last few years I am happy with the news. Dak most loans these day are allowed to be paid early with no penaltly. If you are a long term borrower paying more interest I would suggest paying some of your long terms down and going with more floating.

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        #4
        As far as I know your checking account is floating rate. Most farms can easily get half a million allowable on their checking account.

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          #5
          Good point Hopperbin. Agree with you . . .
          variable is the way to go no matter what
          banks preach these days.

          Errol

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