Fed Raises Interest Rate---Highest in 4 ½ years.

The fed raised interest today by one-quarter point. This is the 13th time the fed has raised the interest rate. One of the reasons stated was the fear of inflationary pressure brought on by high oil prices.

Another piece of bad news…courtesy of the Republican Party…..in November the US deficit spiked at $83.1 billion…the highest November imbalance ever recorded.

Spending racing ahead of revenues due to tax cuts for the rich.

IMHO this is the factors for the perfect economic storm….it certainly will be bad weather for the housing market…which happens to be the only factor that is contributing to wealth for the middle-class.

How do you spell Hooverville? Can you really build a two-story ranch out of cardboard boxes?

Build a house, that is.

any hints as to a good recipe

1-pot water
1-stone
assorted contributions

Yum.........



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Will pop all that much sooner. And then watch this economy slide into oblivion.

I worry about everyone who purchased up...without a fixed rate mortgage...those folks could be in a world of hurt.

year were 0 down interest only arms?

adobe homes.

home equity and home buying bubble. The corporate lenders, bankers, and stock holders are rubbing their hands together in glee. Stay tuned, the next home that is foreclosed might be your own.

if you are a senior living on CD interest. Maybe it will encourage people to save more if their interest amounts to more than peanuts.

I used to pay my quarterly car insurance bill with the interest from my little savings account.

People panic, hard times ahead then BOOM! The real value of money falls, products cost more and welcome to inflationville.