How can he keep whining to the Fed to lower the overnight rate when the dollar is in such a poor position. I am just a rookie but that doesn’t seem to make much economic sense to me. I just don’t see a massive move by the fed having a huge impact and bailing out the lenders at this point. Seems like it would prolong the inevitable. This is possibly the first real dose of good medicine that the housing market and lending industry needs to swallow. More to come.
