Jamshid Damooei, PhD
What to Look for in the Months or Years Ahead….Continued
With higher home prices subprime mortgage loans will be reset at lower rates and many will be phased out.
The legacy of current debacle will put some restraints on future home mortgage markets.
Federal Reserve System will be pulled between opposing views as how it should conduct its business as always.
The new boom will leave nothing but a memory of the current problems.
And we learn once again that “Economic Stability” is highly unstable.