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federal reserve: WHAT THE FED SAID TO ME ON JUNE 5, 2007 - 06/05/07 09:49 AM
PREPARE FOR A VERY, VERY SLOW RECOVERY IN THE HOUSING MARKET.I found it unfortunate that Chairman Bernanke included "Subprime Lending" in this his report on the housing market this morning.  The subprime lending market effects real estate sales to a degree but I don't believe that the subprime lending market controls the real estate market any more than the price of Delicious Apples controls the price of apple pie.  The only time a person would use a Delicious Apple in an apple pie is when they couldn't find a good Granny Smith apple.  The only time a subprime loan is considered is … (9 comments)

 


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