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

To: Jim McMannis who wrote (128117)	6/9/2008 8:42:22 PM
From: BWAC	Respond to of 306849

Sure, why not hike, its all good per the Fed Fool: ------------------------------------------------ "Bernanke: Danger of 'substantial downturn' has faded despite big jump in jobless rate WASHINGTON (AP) -- Despite a recent spike in the nation's unemployment rate, the danger that the economy has fallen into a "substantial downturn" appears to have waned, Federal Reserve Chairman Ben Bernanke said Monday." biz.yahoo.com "-------------the biggest one-month jump in two decades -- was "unwelcome." However, the Fed chief said other forces should "provide some offset to the headwinds that still face the economy." "Although economic activity is "likely to be weak" during the current April-to-June quarter, Bernanke said "the risk that the economy has entered a substantial downturn appears to have diminished over the past month or so." ------------------------------------- So go out and buy something. Just buy. Anything. Its all good and contained. Bunch of Fed Fool acadumbic clowns. Housing will see another ruinous leg down with any rates increases. Defaults are thru the roof with rates this low and gas/food costs sky high. May as well just take your average middle class young family of four out and shoot them.