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  • Mortgage Rates Fall to a Record Low Level  [View article]
    Mark,

    Like you, I believe the general economy is setting up to do very well. It appears our chief policymakers are taking the advice of Dr.Friedman. When asked how to avert an economic depression Milton was said to have replied, "Simple, cut interest rates and print lots of money."

    The one thing that is surprising to me is the level of fear being displayed by many of our fellow citizens, who are acting like Chicken Little and Humpty Dumpty. I suspect our 24/7 news cycles are having alot to do with that. I haven't decided yet if I think this is good or bad.

    Will this serve to prolong the downturn in the business cycle, or get it over more quickly? We'll see.
    Jan 02 09:11 am |Rating: +1 0
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