Interest rates: Up, Down, or Flat? I'm betting on flat, but that could change with market volatility.
Consumer Confidence numbers out yesterday were a little more optimistic than expected, and the stock market liked that. It doesn't mean we're out of the woods by any measure ~ just that sentiment in the country is a little less dour than the experts thought it might be. There's a fine line between cynicism and optimism.
This morning on Bloomberg: Fed May Take Chance End to Debt Purchases Won’t Hurt Housing. Fat chance! Bernanke's in a tight spot, caught between the perceived need for a loose monetary policy and the very real spectre of inflation.
The Fed's going to roll the dice at 2:15 EST today. Get a seat around the table and order a drink. They're gambling with our livelihood.
I'm Mike in Tucson, your preferred Tucson Mortgage lender.
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