[quote=Bob]During the past four days, the Federal Reserve has made a few statements that were leaked to the press that are very interesting…
One is a Reuters story by Alister Bull.
What this article really suggests is that Bernanke and the Federal Reserve have no idea what is really going on and they are spooked. How they eventually react will decide the fate of the US economy and the housing recovery. One thing I can confidently predict is that mortgage rates will be considerably higher by the end of the year, which will put further downward pressures on prices.[/quote]
Bob, your prediction is going to be true and here is the latest magic word from Bernanke – well there is no particulars about “slow” like a decade….. Below link is today’s news
