Province Mortgage

Why the Productivity Drop is a Good Thing – Daily Mortage Rate Update for August 10th, 2010

August 10, 2010 by · Leave a Comment

I believe that the Fed’s next action will be to cut the interest it is paying to banks on their reserves to force banks to lend more. This could pump more money into the economy, and that could lead to more consumer spending, ultimately pushing towards more job creation and a positive, albeit small, level of inflation.

« Previous Page