Pick up any publication for high end houses, boats, or collectible cars and discover that multi-million dollar anythings are not selling. There is a huge over supply and more is waiting for any signs of market improvement to be listed.
What Benjamin Shalom Bernanke knows but ignores is that a zero interest rate environment is producing very little income for folks to spend. Trying to get everyone to be a borrowing slave simply doesn't work, but he and his band of followers at the Fed will continue with this plan.
Flat as in pancake....
2 comments:
I'm not so sure.
There seems a slight movement upwards in recent months.
Pick up any publication for high end houses, boats, or collectible cars and discover that multi-million dollar anythings are not selling. There is a huge over supply and more is waiting for any signs of market improvement to be listed.
What Benjamin Shalom Bernanke knows but ignores is that a zero interest rate environment is producing very little income for folks to spend. Trying to get everyone to be a borrowing slave simply doesn't work, but he and his band of followers at the Fed will continue with this plan.
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