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Fed’s Hoenig: Mistake to view housing as investment opportunity

Posted on 24 August 2010

From Dow Jones: The troubled U.S. housing market is not a place where Americans should speculate or look to invest, the chief of the Kansas City Federal Reserve said Monday.

“If the American people are looking at the housing market to be their investment opportunity, I think they are making a mistake,” said Thomas Hoenig, president of Federal Reserve Bank of Kansas City…………………………………….Full Article: Source


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