Well after Ben Bernanke spoke to Congress yesterday, I think we really think about what he said. The see through of this testimony is that the Fed is frustrated with the growth of the economy and is hesitant to introduce more monetary easing into a system that is flush with liquidity. I am not an economist, but the economy continues to crawl along at a tepid pace and is not growing fast enough to get us back on track. I think we all need to realize that:
- With a presidential election
- Slow growth
- Large deficits
- Uncertain tax policy
.....that is not exactly the best environment for growth. ...
We also should realize that the housing market has never been cleansed of all the bad loans and most people getting mortgages right now at these very low rates are not the people with the bad mortgages and the folks under water in their mortgage.
Again this economy is struggling and our leaders should be meeting everyday to fix this instead of partisan bickering...