that was bershankes last bullet

Current building statistics are the same as 1982, and thats when Volcker moved mortgage interest rates up from 6% to 13% ..

Remember all those CNBC analysts saying that "interest rates are at historically low levels", thats them 6%..

If bond insurance coy are bailed out or back stopped expect a rally in the BONDS, and thats interest rates UP ...

And that action in this market is OOOUCH !!
 
Yeah, well bring back Volcker. Because the yambag that's in there now doesn't have the cojones to pull it off.

And who says it's Bernanke's last bullet? Last I checked he's got more cuts to go.
 
Quote from Digs:

Current building statistics are the same as 1982, and thats when Volcker moved mortgage interest rates up from 6% to 13% ..

Remember all those CNBC analysts saying that "interest rates are at historically low levels", thats them 6%..

If bond insurance coy are bailed out or back stopped expect a rally in the BONDS, and thats interest rates UP ...
More...

Do you even have the slightest clue as to how the markets work?
Obviously not.

If Bond prices rally, that means that interest rates decline. It's an inverse relationship moron.
Basic Econ. 101A
 
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