[quote=SD Realtor]To me the slate looks like fall is dedicated to healthcare, then late fall/winter will be amnesty or some substantial immigration reform. After that pending no more largescale political issues it may start. However another part of me says that rates cannot move to much with the current level of unemployment and waiting until the 2010 elections are over may not be a bad idea either. So there are a couple of possibilities and in no way should the be tied to politics… but to me they will be.[/quote]
Talking about rates, I saw an interview with the NY Fed and he stated that the Fed’s mandate is for price stability at the lowest unemployment. The question was whether he thinks leaving the rates at 1% for too long caused the housing bubble. He mentioned that he thinks the bubble would happen w/ or w/out the 1% rate. The 1% only change the magnitude of the bubble. That’s his way of saying that he wants to keep rate at today level until unemployment heads back down to ~5% level.
