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Monday, June 17, 2013

Fed Can Take Its Foot Off the Gas Now

Data released today shows that, for the first time since March 2006, the NAHB Housing Market Index has climbed above 50, as shown below...well before the financial crisis hit the markets.

Perhaps it really is time for the Fed to take its foot off the gas pedal and allow markets to reflect true economics and the laws of supply and demand, as they're supposed to function, and let appropriate fiscal policies be set accordingly.