Now that Planosteve has been cured of his..

[GFB]

.. FRDS..

(Federal Reserve Derangement Syndrome)

I will now concentrate a bit more heavily on his IDS..(Israeli Derangement Syndrome)

This may take a bit longer..you patience is appreciated.


Thank you.

[planosteve]

Reading the paper today it is painfully obvious that the FED's actions to hold interest rates at absurdly low rates has reinflated another giant real estate bubble. It may be even worse than the subprime bubble it created during the Bush administration. When it bursts and interest rates begin to rise housing prices will go through the floor. It's also encouraged the building of gigantic sized McMansions that are very expensive to heat and cool and well as maintain. The day will come when they will be torn down because nobody will buy them. You heard it here first.

[GRANDPA]

I've always wondered that some people want to get rid of the Federal Reserve, but what replaces it? Just curious.

[GFB]

I've always wondered that some people want to get rid of the Federal Reserve, but what replaces it? Just curious.

Congress will make monetary policy..which should scare the heck out of ANYONE.

[GFB]

Reading the paper today it is painfully obvious that the FED's actions to hold interest rates at absurdly low rates has reinflated another giant real estate bubble. It may be even worse than the subprime bubble it created during the Bush administration. When it bursts and interest rates begin to rise housing prices will go through the floor. It's also encouraged the building of gigantic sized McMansions that are very expensive to heat and cool and well as maintain. The day will come when they will be torn down because nobody will buy them. You heard it here first.