“Mortgage rates are up. Mortgage applications are down. New home permits are down. New home construction is down. Not a little down. ‘Falling off the burning trestle’ down. Bernanke did it. Let us not forget this after he retires next February. Bernanke did it. When the bad news on housing is on the evening news, recall once again: Bernanke did it. With QE3 pouring $40 billion of newly counterfeited money a month into Fannie/Freddie, and mortgage rates rising from 3.35% to 4.6% in two months, let us sing the chorus: Bernanke did it.”
http://teapartyeconomist.com/2013/07/18/housings-mini-bubble-has-popped/
Related posts:
Twitter IPO filing prompts mistaken buying rush of worthless TWTRQ stock
Coinkite Bitcoin Payment Terminal Quick Preview
Footage clears woman, falsely arrested after police car crashed into her
Bit of Headache for Paris, Bitcoin Regulation Added to EU Agenda
Belgium’s finance minister has no objection to bitcoin
Tons and Tons of Security Cameras Are Wide Open to Hackers
UN Grabs for the Internet: Toward “Global Governance”
Should Libertarians Join the 'Underbanked'?
Report: Obama Spends $180K Per Day Undermining State Medical Marijuana Laws
Florida parent says ‘religious zealots’ got teen daughter arrested for lesbian relationship
City passes new ordinance, uproots FL couple’s 17-year-old garden
Unarmed Father Shot In the Head, Killed by Plainclothes Cops
FBI warns retailers: more breaches are coming
The Blank Slate State
Another Push for Global Taxation from the United Nations