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Originally Posted by Adam in CO
Just wait. Tomorrow is the inquiry by the House. Let's see if he can give the same answers.
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So, whaddaya think Adam?
I seriously hate to agree with B. Frank on anything, but I think I do here:
http://biz.yahoo.com/ap/070215/berna...ess.html?.v=10
Why the obsession with inflation? Further, why did Greenspan and does Bernanke think that rising inflation (which, if it happens, will be due largely to the demand for oil in China and India) can positively be affected by raising the fed rate? What does the fed rate have to do with demand for oil in China and India? Also, doesn't rising fed rates sometimes
cause inflation? E.G., fed rates go up; causing mortgage rates to go up; causing home sales go down; causing rental rates go up; causing core inflation to go up? I just wish they would lower rates a little and leave them alone. They are scaring all of the investors out of the market and aggrivating the housing problems IMO.
