Gtarras

I Wish I Were as Optimistic as Doug Kass

"Give me 4.5% and I would refinance. Unfortunately, that would do nothing for the housing market. It would put some more money into the hands of people who won't spend it anyway."

as a former finance PhD drop-out, and believer in research, I could not disagree more... there is plenty of evidence, the statement is wrong, you can start here:

www4.gsb.columbia.edu/...