http://www.nytimes.com/2010/08/29/weekinreview/29goodman.html?_r=1&hp
With the Fed's announcement that it would support the long term bonds by buying them back, it showed their determination to keep mortgage rates low. This seems to be their plan to keep us from another housing led recession. Yeah, I know jobs, but 4% money could really help if more people and small businesses could actually get it. I'm sure if you got a few hundred K of $$ at 4% you could add value to the economy. :D
Jon K., VentureNet
E-Mail: jklaus@vnetinc.com
Telephone: 214-929-6545
Website: http://www.caddostar.com
Traveling to Dallas? Check out our ranch cabin getaway. www.caddostar.com
Projects are certainly easy to make profitable with 4% debt in their WACC. The trouble, as you stated, is that very few can get access to that debt!
Bryan Hancock, Bullseye Capital Real Property Opportunity Fund
E-Mail: b.hancock@bullseyecap.com
Telephone: 1-800-577-0401
Website: http://www.bullseyecapfund.com
I help busy people profit from real estate
I always find these types of Fed "announcements" to be comical...
In general, I consider all official government statements about the economy to be lagging indicators...at best.
J Scott, Lish Properties, LLC
Telephone: 770-906-6358
Website: http://www.123flip.com
http://www.123flip.com
J Scott, I agree it becomes more comical when they go back to restate, often there is little or no publicity about the restatements.
"Be fearful when others are greedy. Be greedy when others are fearful." Warren Buffett.