Economy looks like it's improving. More Jobs

With the latest news on Job Creation coming out of the US it looks like things are finally starting to improve. I surely hope that this is sustainable. The only problem I see in the near term is things overheating again with all the low interest rates out there. Hopefully the governments can raise rates in an orderly fashion in order to prevent more bubbles forming. They are saying that interest rates will start to rise in Canada in June. If this is the case it would be a good idea to reduce your debt as quickly as possible. If Real Estate gets too hot I could see the Central Banks raising rates .25 basis points every month into 2011. That would bring Prime rate from almost 0 up to 2% by January. If Prime Rate moves up that quickly you could see your variable Mortgage Rate jump from 3% back up to 5 %. The key is to pay down your debt Now.