What? You Mean Printing Money Doesn’t Fix The Housing Market?

suyts space

image

WASHINGTON (Reuters) – Contracts to purchase previously owned U.S. , a sign that a softer economy and a rise in mortgage rates are hurting the country’s housing market.

The National Association of Realtors said on Monday its Pending Homes Sales Index, based on contracts signed last month, to 101.6, the fourth monthly fall in a row. Economists polled by Reuters had forecast a slight increase.

since May on bets that the U.S. Federal Reserve would soon begin winding down a stimulus program, although rates have eased slightly in recent weeks.

This is a direct result of the sophistry of the economic and finance people …. across the world and their failure to recognize reality.  One can make the banks solvent by printing money all one wishes.  It doesn’t fix the persistent underlying problems. 

The fact remains that our home values are over priced.  Making money available for loans doesn’t change…

View original post 118 more words

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s