14.05.2013 - Distortions of US housing markets
Housing is usually more stable because the motivations of the buyers are for long-term occupancy rather than exclusively for profit. But by rigging the market toward speculators, the Fed may have queered the pitch. Sadly, once the money has fuelled a boom, you canít just take it back. One of the brightest parts of the American economy is the housing market. It is considered the strongest proof of a recovery. Recent numbers appear to create a very optimistic story...............................................Full Article: Source
Print