george9

Low Rates, Big Problems

As DC grad of FHLBB and working thru housing cycles at PMI and American Homes Shield, and my own brokerage i am certain these things must happen to fix economy.

1-home building must be started again.
2-mortgages must be cheap and ez, like 4pc.
3-availability must be ez and broad.

usually fed lowering rates does job, but this didn't work because of overhang of bad loans. Hence bad loans must be bought up by gov.

otherwise we have got a depression on our hands.

remember the last depression was finally fixed by WW II. i dont think we want to do that again.

i am 73 yrs old and have lived thru this all.

g oram berkeley ca.