Not if teh middle class knows how to benefit from it. Yesterday I outlined how "market driven" rates were "looking liek" they were setting up to move looower at one of Greg's blogs. There was an over-reaction in market driven rates on the news which will adjust out in short order...making this one of teh only true "buy and hold" assets out there soon.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=tlt&x=36&y=4&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

The other "safe haven" of course is the dollah. it is MUCH closer to a buy than longer term govmint bonds. I will be posting my buy call in UUP soon at my blog. Pretty "neat" how you can take your dollars...buy dollars...and generate at least a 25% overall return (minimum) over the next 24 months...no? Sure beats putting your dolars in a passbook savings account...that's for sure.