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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Peter V who wrote (120467)5/3/2008 7:16:34 PM
From: jmiller099Respond to of 306849
 
Lol! I am gonna have to hit up mr. moderator for a case of cisco if this keeps up!



To: Peter V who wrote (120467)5/3/2008 7:51:59 PM
From: James HuttonRead Replies (1) | Respond to of 306849
 
"By lending directly to banks, the Fed can provide capital that banks need to lend to consumers and businesses without fueling higher prices in industries that don't, said Bill O'Grady, chief investment strategist at Wachovia Securities."

I guess Mr. O'Grady hasn't tracked mortgage rates since the fed started lowering interest rates, or even the availability of loans. Does he even live in this universe?



To: Peter V who wrote (120467)5/3/2008 7:56:12 PM
From: Les HRespond to of 306849
 
"By lending directly to banks, the Fed can provide capital that banks need to lend to consumers and businesses without fueling higher prices in industries that don't, said Bill O'Grady, chief investment strategist at Wachovia Securities."

It looks more like the Fed is intentionally creating inflation in the belief that inflation will force banks to seek out higher returns for their capital.