The message is really clear: the Fed will fill the government debt funding gap, targeting long interest rates lower. 2 to 10 year notes will be the first victims of interest rate assault.
Inflation is on the way. Here is my thought-- downturn could be bad for some people. But inflation is bad for all of us.
The impact to the housing market: Some people would think this is it, the bottom. If the lay offs come to an end.
