Unfortunately the CPI came in higher than expected yesterday and with Oil Prices rising as well this is not a good combination for the outlook of lower rates in the future!

Fed Governor Bies released a statement yesterday that the housing slump will take close to two years to filter through and recovery in the housing market could take longer than expected. :(

 

1 Comments on Rates tick higher!

NOV
24
2007

It was only a couple of weeks ago that Brazil reported that they'd discovered an off shore oil field that rivaled that of Saudi Arabia's, why hasn't that brought oil prices down?  Millions more people are conserving more electricity lately, why hasn't that brought oil prices down?  Millions more people are driving hybrids, or other alternative fuel vehicles lately, why hasn't that brought oil prices down?  If the news reports are correct, it's because the Chinese and Indian economies are growing so quickly, that they're using more oil.  Unlike the Germans, another huge importer to the U.S., who are doing more than most to lower their use of the black muck.  That should send a loud message to the U.S. consumers, those who have a conscience, stop buying Chinese, and Indian made products.  Let's start demanding to know more about the companies that make our products.  Work conditions, and emission output!  This is the information age people, but you have to put your money where your mouth is.

1:33am • #1

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John Gay

Smyrna, GA

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Bank of America Home Loans

Address: 1175 Peachtree St NE Ste 1900, Bldg 100 Colony Square, Atlanta, GA, 30361

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