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**Joe Neubarth**

AS I see it, interest rates are going to continue to fall. The world economy is slowing down and there are less and less places for the WORLD'S BANKS TO INVEST MONEY! In raising all of the children that we helped grow to adulthood, Diane was a full time mother and we lived mainly off of my income for a quarter of a century. Because of that, we still have a 4.375% mortgage of under $190,000 on our 8 bedroom too-large house. The mortgage holder Chase just offered me a "free refinance" at 3.75%. I asked them to contact me with a better offer in about three months. (By the way, nothing in business is ever free.) This morning in an email I received an offer of a business loan for 2% from an Indian Bank. (I am well known in India because I meddle in their internal policies as regards medical care for the Untouchables and have been repeatedly threatened with death by people who think it is none of my damn business.) I counter offered the Indian bank that they could refinance my home mortgage in which I own 60 percent of the equity in current appraised home value. Two percent sounded interesting. I expect that they will contact me back with an offer above my 2% bid. If it is under 2.5% we might do business if they can keep the refinancing expenses down.

The point of this information is that interest rates look like they are going to fall and fall. (When Chase offered me to refinance a solvent loan you know that something is wrong in the economy.) Continuing falling interest rates do not bode well for the Global Economy. Only one profession is guaranteed employment for the next few years, and that is house appraisal if this refinancing at lower interest rates continues. A good appraiser might want to get in touch with the Indian Bank I wrote back to this morning.