Tom Luxsox Coins

Shilling Schilling

Many good-hearted Americans are always the last to know. For example, in the late 1990s as the tech-stock boom was ready to burst, excited novices were buying and holding obscenely priced equities. As stock prices fell, so did confidence in the Dow Jones Index and NASDAQ.

Then many Americans entered another explosive market - real estate. The zeal for real estate was unprecedented.

But the fact is, many first-time homeowners put themselves in jeopardy by accepting variable-rate loans. These loans were designed to expand the mortgage market by enticing Americans who otherwise could not qualify for a fixed-rate mortgage with their bank.

New homeowners knew that by accepting a variable-rate loan, they were gambling with the future. If interest rates stayed low they would continue to be able to make payments on their mortgages. In theory a problem would arise only if the Federal Reserve tightened, or raised interest rates.

A significant rise in interest rates would mean that monthly variable-rate loan payments would sky-rocket, forcing some Americans to abandon or foreclose on high-priced homes they could no longer pay for.

Yet even if interest rates stayed relatively low, new homeowners faced another kind of bubble-bursting debacle: the collapse of housing values. In this event homeowners would be stuck paying for a home that had lost any where from 10% t0 30% of its value - a value that might never be recouped.

And as if that weren't enough, the prospect of losing an income as corporations cut jobs loomed large.

Sorry to say, all these worries have become realities, in some areas of our nation.

It should come as no surprise that analysts of the economy disagree on what the future will bring.

A. Gary Shilling, president of his own investment firm, writes in Forbes, "The house price collapse will induce a painful recession that will send U.S. stocks into a tailspin."

Shilling believes the Federal Reserve will continue to raise interest rates (which may increase variable-rate mortgage payments) until it is obvious that something negative is happening in the housing market. Then, and only then, will the FED reverse its course and start lowering interest rates.

If Shilling is right, the cut in interest rates will cause a rally in the U.S. Treasury bond market. Investors may prefer this market as stocks fall because bonds are considered a safe haven. Remember this: When interest rates fall, the price of bonds rises. And the reverse is true.

But lower interest rates will discourage homeowners from saving money. And, Schilling writes, "A big drop in house prices will...awaken them to the reality that they can't expect their home equity to finance their retirements."

Ouch. Should Schilling's prediction play out, Americans will need another income stream to bail them out. I have a solution. But first let's look at the other side of the debate.

John W. Rogers Jr., CEO of Ariel Capital Management, LLC, writes in Forbes, "After 13 Federal Reserve rate increases in 18 months, many assume the tightening is almost over. But I think that, in the face of rising inflation, rates have a lot more to rise."

Rogers notes that housing prices have risen 44% along with commodities such as sugar, copper and gold.

And he continues by reminding us that higher interest rates are bad for stocks and make "bonds and money market accounts more attractive than equities."

In other words, either way you cut it, Americans are in for a challenging time. And to survive, homeowners may require the means to fight inflation, or breathe life back into the economy after a stifling recession.

Is there anything that can make your money grow no matter which way interest rates move?

Yes. But there are risks. Let me explain in Mortgage Freedom: How to Pay Down Your Loan, Part II.

Copyright 2007

Douglas Glenn Clark is the author of After The Noise and T-Bonding with the Trend and teaches simple methods for creating wealth at [http://AfterTheNoise.com]

The King's Shilling $34.99 Thomas Falcon Marshall The King's Shilling - Giclee Print

Curt Schilling Photograph with Statistics and Clock Nested on a 12 x 15 Plaque $80 This is a gorgeous stat plaque featuring Curt Schilling of the MLB World Champion Boston Red Sox , It has a great licensed 8" x 10" action shot of Shilling and a metal stat plaque along with a small clock. The entire plaque measures 12" x 15" and has a black and grayish marbled look. This is an absolutely gorgeous piece of memorabilia for your home, business or office. Impress your friends, family, employees and colleagues with this hanging on your wall. This is a must have for any true Red Sox fan!

Curt Schilling $99.99 Curt Schilling - Wall Decal

Ugandan Shilling $70.1 High Quality Content by WIKIPEDIA articles The Shilling is the currency of Uganda. Technically, the shilling is subdivided into 100 cents but no subdivisions have been issued since the revaluation of the shilling in 1987. The first Ugandan shilling (UGS) replaced the East African shilling in 1966 at par. Following high inflation, a new shilling (UGX) was introduced in 1987 worth 100 old shillings. The shilling is now a stable currency and predominates in most financial transactions in Uganda, which has a very efficient foreign exchange market with low spreads. The United States dollar is also widely accepted. The pound sterling and increasingly the euro are also used. Author: Surhone, Lambert M./ Timpledon, Miriam T./ Marseken, Susan F. Binding Type: Paperback Number of Pages: 94 Publication Date: 2010/07/21 Language: English Dimensions: 6.00 x 9.02 x 0.23 inches

The First Shilling Day $49.99 George Cruikshank The First Shilling Day - Giclee Print

Curt Schilling Photograph with Statistics and Clock Nested on a 12" x 15" Plaque $46 Curt Schilling Photograph with Statistics and Clock Nested on a 12" x 15" Plaque This Is a Gorgeous Statistics Plaque Featuring Curt Shillling of the World Champion Boston Red Sox , It Has a Great Licensed 8" x 10" Action Shot of Shilling and a Metal Statistics Nameplate Along with a Small Clock . The Entire Plaque Measures 12" x 15" and Has a Black and Grayish Marble Appearance. This Is an Absolutely Gorgeous Piece of Memorabilia for Your Home, Business, or Office. Impress Your Friends, Family, Employees and Colleagues with This Hanging on Your Wall. This Is a Must Have for All True Red Sox Fans!

On the Mound with ... Curt Schilling $9.99 A biography of Curt Schilling, star pitcher with the Arizona Diamondbacks.

German Actress Ruth Schilling $79.99 German Actress Ruth Schilling - Premium Photographic Print

Somali Shilling $86.03 High Quality Content by WIKIPEDIA articles The shilling (English), shilin (Somali, also ) or scellino (Italian) has been the currency of Somalia since 1962. The ISO 4217 code is SOS. It is subdivided into 100 cents (English), senti (Somali, also ) or centesimi (Italian). Rival producers of Somali shillings emerged after 1991. These included the Na shilling, which failed to gain widespread acceptance, and the Balweyn I and II, which were forgeries of pre1991 bank notes. A competition for seigniorage drove the value of the money down to about 0.04 per SoSh (1000) note, approximately the commodity cost. Consumers have refused to accept bills larger than the 1991 denominations, which has helped to stop the devaluation from spiraling further. The pre1991 notes and the subsequent forgeries are treated as the same currency. It takes large bundles to make cash purchases. United States dollar is often used for larger transactions. Author: Surhone, Lambert M./ Tennoe, Mariam T./ Henssonow, Susan F. Binding Type: Paperback Number of Pages: 108 Publication Date: 2010/10/18 Language: English Dimensions: 9.02 x 5.98 x 0.26 inches

Curt Schilling Autographed Ball $86.26 Curt Schilling Autographed Ball Curt Schilling Autographed / Signed 2007 World Series Baseball

Albert Schilling $63.73 Albert Paul Schilling ( 21. Marz 1904 in Zurich; 30. Juli 1987 in Arlesheim, heimatberechtigt in Hornussen und Arlesheim) war ein Schweizer Bildhauer. Albert Schilling, Sohn des Postverwalters Albert Schilling senior und der Karolina Benedikta geborene Ott, besuchte zunachst die Klosterschulen in Disentis und Engelberg. Nach der Matura ging er auf das Priesterseminar Luzern, nahm die Studien der Theologie und Kunstgeschichte auf, die er jedoch nicht abschloss. In weiterer Folge absolvierte Schilling von 1930 bis 1932 an der Hochschule fur Bildende Kunste in Berlin eine Ausbildung in Plastik und Bildhauerei. Author: Surhone, Lambert M./ Tennoe, Mariam T./ Henssonow, Susan F. Binding Type: Paperback Number of Pages: 68 Publication Date: 2010/10/03 Language: German Dimensions: 6.00 x 9.02 x 0.16 inches

Curt Schilling Autographed Baseball $74 Curt Schilling Autographed Baseball Signed MLB Baseball on the side panel

Curt Schilling Autographed 8x10 Photo $50 Curt Schilling Autographed 8x10 Photo Signed 8x10

Autographed Curt Schilling Picture - 8x10 $50 Autographed Curt Schilling Picture - 8x10 Signed 8x10

Signed Curt Schilling Picture - 8x10 $50 Signed Curt Schilling Picture - 8x10 Signed 8x10

Curt Schilling Signed Picture - 8x10 $50 Curt Schilling Signed Picture - 8x10 Signed 8x10

Schilling's Motel and Restaurant, Roadside Retro $39.99 Schilling's Motel and Restaurant, Roadside Retro - Giclee Print

Curt Schilling Boston Red Sox $283.99 Curt Schilling Boston Red Sox - Photo

Miss Ivy Shilling and Mr Ernest Marini in Maggie $19.99 Miss Ivy Shilling and Mr Ernest Marini in Maggie - Premium Poster

The Entrance to the Great Exhibition on Five Shilling Day $49.99 The Entrance to the Great Exhibition on Five Shilling Day - Giclee Print

Closeup of a Stack of Twelve Pennies, the Equivalent of One Shilling $79.99 Closeup of a Stack of Twelve Pennies, the Equivalent of One Shilling - Premium Photographic Print

Curt Schilling Autographed Baseball Details: Boston Red Sox, 2004 World Series $133.99 This baseball has been personally hand signed by former Boston Red Sox pitcher Curt Shilling. The product is officially licensed by Major League Baseball and comes with an individually numbered; tamper evident hologram from Mounted Memories. To ensure authenticity- the hologram can be reviewed online. This process helps to ensure that the product purchased is authentic and eliminates any possibility of duplication or fraud.