Years of Bad Behavior in The Mortgage Industry, Here's the Overcorrection
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It seems that Ben Bernake has taken full control of the FED, in globetrotter's style. As usual, fear is the controlling factor, in this case, fear of inflation prevents the FED from making a rate cut, as it is currently desperately needed.
So instead of anticipating the effect of the housing market slow down, and reacting to avoid it. Bernake is all set to exacerbate the current conditions by doing nothing.
How long will it be until the needs of the middle of the housing market impact wall street? The answer to that questions points to the next time to expect a rate cut.
For further reading: Is Everything Going To Hell In A Hand Basket? Will Lassie Save Timmy? And Other Questions
So instead of anticipating the effect of the housing market slow down, and reacting to avoid it. Bernake is all set to exacerbate the current conditions by doing nothing.
How long will it be until the needs of the middle of the housing market impact wall street? The answer to that questions points to the next time to expect a rate cut.
For further reading: Is Everything Going To Hell In A Hand Basket? Will Lassie Save Timmy? And Other Questions
