Thursday, September 20, 2007

Mr. Bernanke - Thanks A lot !

In previous articles, I stated how my research suggests the Fed’s interest rate cut this past Tuesday will likely do little to stimulate economic growth and will serve only to increase inflationary pressures. The truth is that the rate cut will help make mortgages cheaper to get , but it won't do any good because underwriting guidelines are still going to be unbelievably tight for most applicants.

Another example of smoke and mirrors.

Blog you later.

James Gage