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The Fed has spoke....and I am happy

By
Real Estate Broker/Owner with Rosemont Financial Inc

Admitting you made a mistake is the first step. Or at least that is what we all have been told.  This morning Ben Bernanke spoke, and something wonderful happened, he finally said what we all see is going on.  Ben stated that “credit markets could dampen future economic activity” remember he used to say “subprime was contained”.  Ben gets it, the fed get it…right now I am smiling ear to ear.

 

Nobody knows how bad the future economic impact will be, but at least the fed is finally admitting there is something to watch.

Comments (2)

Team Riley
Spa Realty, Inc - Hot Springs, AR
Its about time!!!!!
Aug 31, 2007 03:48 AM
Christopher Myers
Orlando Property Group - Orlando, FL
Greater Orlando and Central Florida Real Estate
I'm happy they don't have their head in the sand.  If they kept it there too long, this thing could spiral out of control rather quickly.  Great news!
Aug 31, 2007 04:01 AM