This is a syndicated repost published with the permission of Snake Hole Lounge. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
The University of Michigan Consumer Survey was released this morning … and it wasn’t good news for housing. Their index for housing buying condtions declined.
One of causes of confidence loss? The fear that The Fed will raise rates and unwind too quickly.
Not to worry with The Fed only unwinding $300 last week.
Instead of “Give Me Three Steps,” The Fed is singing “Give Me One Itsy-Bitsy Step” to raise rates.
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