“Negative equity is typically a demand-side obstacle to sales and refinances, but currently is also restricting the supply of homes for sale,” Khater said. In markets where more than half of borrowers are underwater, the average supply drops to 4.7 months, compared to 8.3 months in healthier areas. As a result of the restricted supply,…
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The Fed’s Most Dangerous Game: Checkmate
by a Wall Street Examiner • • 0 Comments
The Fed can only choose the least-worst option now: either destroy the real economy by sinking the dollar below support and unleashing the Inflation Monster, or abandon the “risk trade” stock market rally.
The Fed’s game plan–sink the U.S. doll…
