The Upcoming Housing Boom

Real rates have gone last week up as shown by the enclosed chart of the return on the 10 year notes. Mortgage rates also stop their decline and went up a few basis points.

The Federal Reserve cannot fight the reality of the Bush Dollar. Rather than acknowledge their limited power over the real world scenario the Department of Treasury has to deal with in balance a Bush budget, the Federal Reserve is going to stun the market so that they get the credit for the rising cost of money.

BE PREPARED