And one more thing. I agree – Piggington's Econo-Almanac

April 1, 2011 at 9:20 PM #682631

Participant

And one more thing. I agree entirely on the interest rate thing. 6% mortgages won’t cause a huge problem, particularly if it’s in conjunction with even mildly shrinking inventories. But 8% sure will. So the Fed will keep dancing for awhile.