San Francisco Fed President – Economic Outlook Risky


Janet Yellen - San Francisco FedIn an effort to analyze the current state of the economy, San Francisco Federal Reserve Bank President, Janet Yellen, shared with us her take on things:1

She said that declining home prices could hurt consumer spending, and that risks to economic growth would be “significant” if housing prices fall in the context of rising unemployment.

“The key point is that … a drop in house prices is likely to restrain consumer spending to some extent,” Yellen said.

I’m glad to know that at least people running things are fully aware of the extent of the damage the economy is facing. The key now, is whether or not they can do anything to repair the damage that has been caused.

All we can do now is wait and see . . .

1 Yahoo Finance – Fed’s Yellen: turmoil adds to risk for economy

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Joshua Dorkin

Joshua Dorkin (@jrdorkin, Google+) founded when he saw a need for free, trustworthy information about real estate investing online. Over the past 12 years, Josh has grown the site from self-funded hobby to full-time job and passion. Today, BiggerPockets brings together over 600,000 members, housing the world’s largest library of real estate content, iTunes’ #1 real estate podcast, and an array of analysis tools, all geared toward helping users succeed.


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