“Thus, the Fed will accomplish a few things — the banks will be rendered more liquid, and the Dow and mortgage-backed securities will probably be lifted. But what happens when the banks are cleared of all their mortgage-backed securities? Maybe the Fed will buy straight mortgages, I don’t know, and I’m not sure that the Fed knows. Maybe the Fed just wants to sneak by the election, and later they’ll address the problems.
Meanwhile, the Fed will continue to talk up the economy. But I believe it’s the Transports that are telling us the real story regarding the US economy — and to put it politely, the Transport have been crashing. Question — could the real story about the US economy be that the US economy has been crashing too?
Russell continues @ KingWorldNews.com
No comments:
Post a Comment