Interesting article:
http://tinyurl.com/ozwr6
Don't look at me. That is essentially the message of a new Federal Reserve study arguing that productivity--not the central bank's own policy of rock-bottom interest rates--was behind a five-year housing boom that now seems to be ending rather abruptly.
__________________
He had one of those rare smiles with a quality of eternal reassurance in it . . . It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. -- The Great Gatsby, F. Scott Fitzgerald
|