Even Liberal New York Times Sees Obama Inflation Kicking In, See Mortgage Rates

[Just Win]

Hope and change coming at ya! if you are a realtor i am not trying to depress you with this news but elections have consequences and slowly over the next few months things are going to continue to go this direction. This is putting a tremendous strain on the American middle class. This is further evidence that this bunch does not have a clue when it comes to the economy.














Obama Inflation Kicking In Link    = http://apnews.myway.com/article/20090606/D98L67500.html

     this and other big government spending programs are turning out to have the opposite effect. Rates for mortgages and U.S. Treasury debt are now marching higher as nervous bond investors fret about a resurgence of inflation.
That's the Catch-22 threatening to make an awful housing market potentially worse and keep the economy stuck in a funk. Kick-starting the economy requires higher spending, but rising rates mean fewer Americans will be able to refinance their home loans. And some potential buyers will be shut out of the market by higher monthly payments they won't be able to afford.    

If the meltdown continues in the bond market, then mortgage yields will soon be at levels that choke off refinancing activity," said economist Ed Yardeni, who runs his own investment firm. "Even worse, they could abort any necessary recovery in home sales and prices

[Just Win]

dc has not a clue the economic misery they have unleashed on Americans out in "flyover country" extending even to generations not even yet born. i would pound more on the democrat-lite goppers more but they are as powerless and impotent as as a toothless lamb and are as effectual as a dog barking to stop the sun as it rises in the dawn. i don't even think they care. it is going to be a rough ride strap in and pray.