The Fed is being led by the Wall Street to panic. What is the underlying economy doing. Is our economy defined by the DJI average or by jobs and production and sales.
Where is the sound, rational analysis. The housing market is in a slump compared to the hyped up past based on easy money created by risky lending policies. What goes up artificially will come down. The economy will rebound from this and it is not like the dot com bubble which effected many industries if not all. From my standpoint the housing market needed this. We had realtors buying and selling property like stock, making it hard for people to own their own homes. This should remove speculation from the housing market.
“The Fed is spooked by the markets, so no wonder the Fed
felt it needed to take drastic action,” said the BBC’s economics editor
Evan Davis.
Powered by ScribeFire.