Roman

Housing Prices Expected to Bottom in 2010, 21% Off '06 Highs

Lowering interest rates will only prolong inevitable. Higher interest rates will give us the shock therapy we need and we ll start making money using other investment options (CD's, high return savings etc).. I am hoping Fed will come to his senses and realize that inflation is at high 6% and the dollar is not worth much.. You need higher interest rates to slow the inflation down and give people an opportunity to make money elsewhere, since the housing market is dead... The higher the income, the more money they will spend elsewhere, thus stabilizing our crippled economy..