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Strategies & Market Trends : Currents of Currency -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (247)	5/28/2014 10:56:43 AM
From: Ahda	Read Replies (1) \| Respond to of 594

http://www.bloomberg.com/news/2014-05-28/yellen-concerned-by-housing-slowdown-she-has-scant-power-to-cure.html Yellen Concerned by Housing Slowdown She Has Scant Power to Cure By Rich Miller and Victoria Stilwell May 28, 2014 2:00 AM PT 24 Comments Email Print The hesitant housing recovery has surprised and concerned Federal Reserve Chair Janet Yellen and her colleagues at the central bank. It’s not clear how much they can do about it. Too true as gravity is what it is all about. Difficulty best summed up by 48% of sales last year were cash transactions. Problem of course innovative methods to reduce the amount of foreclosures protected the financial industry. Problem people retained debt and did not increase equity so the average person just can't afford to move up and their focus lies in how to not move down. House values were not determined by free market wage value but financial Institution value. Paper inflated asset value . Now people are demanding wage increases as people asset value which is determined by wage did not increased enough to match paper inflated asset value. I have never had so much respect for innovation of US people as i have now. People finding methods to create an income very much like old Asia where opportunity lies in working for wealth but very little opportunity in organized labor. Increase in minimum wage is only going to apply to those working in organized labor. Minimum wage increase will increase inflation which in my opinion can harm many US people who are adapting to this changing world and are totally self reliant and self employed. Increase in construction is not going to be a boon to a slow housing industry.