[palmer]

And anyone taking an ARM for more than a year is sitting on a powder keg.

Maybe. I said exactly that a couple years ago and I was wrong. I won't be wrong forever, but it could be a while longer.

[PeterPrinciple]

And anyone taking an ARM for more than a year is sitting on a powder keg.
Maybe. I said exactly that a couple years ago and I was wrong. I won’t be wrong forever, but it could be a while longer.

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Who is the biggest debtor? They can’t allow interest rates to rise. When it does happen it is collapse no matter if you had short or long term debt.