A lot of would-be buyers prefer to sit pretty with their current low-interest mortgages. But if mortgages drop back to 5%, house sales will activate.
In the age of COVID-19, everyone (Congress, bankers, bureaucrats) all could use some gentle correctives. Here goes.
Facing resistance, Bernanke plans to keep stimulating laggard economy.
Inside the Fed, arguments rage about what to do next.
Why are they still not making loans? Let me count the reasons.
Democrats want more government, Republicans less. The Tea Party answers with an angry hammer-smash at the reset button.
Housing needs emergency help.
The Fed and Administration need to do more to fix it.
The gates of every economic lunatic asylum are wide open.
The sky is black with chickens coming home, and the Fed looks weak or lost.
