Posted By:
Ted ZanidakisI don't know if anyone raised this factor ?
But, if interest rates climbed up to double digits it would affect the economy more than anything
else. And, it would definitely take down all the collectibles markets and especially BB card values.
Don't take my word for this.....just look at recent history for this. In the late '70s and early 1980's
all the collectibles markets were affected. Interest rates climbed to 20 % and everyone was putting
all their money into bank CD's. And, very few were taking out Equity loans to have $$$$ for "investing"
in collectibles.
Make no mistake about it.....our BB card values are staying HIGH.....due to LOW interest rates.
T-Rex TED