Last week, the US House approved a bill which will effectively audit the Federal Reserve. Since its creation, the Fed enjoyed freedom from oversight and no restrictions on decisions meetings except for senate hearings. In the aftermath, worldwide confidence in the US dollar rose devaluing the euro. This in turn gave the US dollar more […]
Category: Politics & Econ
Interest Rates, Housing Market and The Economy
We have been on a crazy ride with the housing market, fluctuating interest rates and the economy. S&P/ Case-Shiller • Home price index has dropped 2.5% compared with last year’s index • End of 2008, home prices had fallen 18.2%, compared to 2007 • Increase of 0.3% in home prices in December and November • […]
Whose Fault Is It? The Never Ending Argument
Since the beginning of the foreclosure crisis, two main camps developed.