Fear of High Deficits Sending Mortgage Rates Up
April 17, 2010
Just after World War II, due to war spending and rebuilding Europe, our national public debt reached 108.6% of our gross domestic product (GDP), America’s total annual output of goods and services (according to the Office of Management and Budget). It declined steadily to 25% by the 1970′s as the economy boomed, and stood just [...]
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