This oil-induced crisis from Katrina is going to be good for housing. Mortgage rates are headed lower, and that's going to support the housing market. It will help with refinancing activity and construction.
This oil-induced crisis from Katrina is going to be good for housing, ... Mortgage rates are headed lower, and that's going to support the housing market. It will help with refinancing activity and construction.
The economy will actually be more resilient than what he's thinking. Without Fed vigilance, there is a pretty good chance that rising energy and materials prices will begin to impact core inflation.
We are in a sweet spot. There is a very good chance that we see another solid gain in payrolls.