The Bernanke Bubble

By everything   Follow   Mon, 26 Nov 2012, 7:55am PST   323 views   0 comments   Watch (1)   Share   Quote   Permalink   Like   Dislike (1)

Housing starts are at their highest level since July, 2008. Mortgage interest is at an all time low. The median price of a house has gone up again. This all sounds like good news. What is not making the news is that 9.6% of FHA insured loans are seriously delinquent.Nor does the news mention the fact that almost a third of all purchases are by absentee buyers or that 20% of homeowners are still underwater. The above news does not bode well for recovery. Right now thehousing market is being kept alive by Bernanke’s QE3 program which is buying $40...


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