Bob Calco wrote: > http://bit.ly/7D8KZ > > (reposting with slight modification because I never saw the original one go > through when I sent it last night.) > > - - - > NEW YORK (AP) - The Federal Reserve announced a $1.2 trillion plan three > months ago designed to push down mortgage rates and breathe life into the > housing market. > > But 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
Hi Bob! There you are. The rich people are cowards, er, "nervous", They EXPECT inflation so they go and raise all the prices. Makes sense to me. -- Regards, Pete http://pete-theisen.com/ http://elect-pete-theisen.com/ _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
