Fri, 8 Feb 2013, 2:15am PST
One thing that people must realize, FortWayne, is that the only Feds that matter are the DC and NY Feds. The regional Feds are not the insiders. They have little power because the Feds are owned by the banks in the region. The Fed in charge is DC, but the private Fed bank with the most power is the NY Fed, home of JPM, Mellon, Citibank, Goldman Squid, etc.
Fri, 8 Feb 2013, 6:37am PST
We've seen this movie before... LOL
I am not too worried yet since the sale numbers (price, too) are still much lower compared to 2005.
For sure we have seen this before. But, regarding price, 2005 was divorced from fundamentals. Already first time buyers are nowhere to be found. The hedge funds bought up all their stock.