RE:RE:RE:NAV July 10I can tell you that IF rates were to double from here (extremely unlikely), you could pretty much throw the housing market into the toilet and that's even with the current amortization extensions that the over indebted have currently been granted. Unless wages follow inflation up, people can only afford to pay so much/month before the economy breaks. Fiscal policy is still the most effective tool there is to control demand and slow or accelerate an economy.
rabnud wrote: Rate announcement will be on Wednesday and I expect a 1/4 increase again. Wage and food inflation still sticky high.
raising interest rates in this era will only fuel inflation not curb it but all the idiots that run that deal are so old school they cant see their way in daylight