The Insufferable Whining Of The Permabulls

Here come the monetary policy whiners. Interest rates are barely slouching toward rationality and sustainability, but the permabulls are already screaming that the Fed has gone too far. Really? To be sure, the 30-year mortgage rate tagged 7% today, and, yes, that will put a dent in what has been an out-of-control housing boom. But […]
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