When the United States economy started to go spiraling down, I immediately thought that its effects would soon be felt here in our country. Experts have been saying that we will start to feel that this 2009 as prices of commodities and services in the world market will start to go up. Production of goods will be affected because of lesser demands.
Does this mean that mortgage life insurance rates, homes and life insurance which are very important especially to those with families, that these rates will be affected as well? In what way I’m not sure. Some say it would go up as people would want greater security. Others say it would go down because people would spend less of their money.
All I can say is, let’s get ready for the incoming recession here in our country.
