Tags: Stock Market Bernanke $600 Billion Purchase of Long Term Bonds Prevent Deflation Inflation OK
First, financial markets are very difficult to understand day to day ups and downs of the market.
Most of the concern seems to be what Bernanke did recently of buying $600 billion worth of long term bonds. Most reports call it inflationary. Hey, we are in a people recession. More clear thinking people call it a way to lower interest rates of long term bonds from ten years on.
I am sure most of you have seen that Mortgage rates have dropped sharply which is a good thing. If you are in the market to buy a home or condo, consider looking now. Be careful and hire a professional to bargain for you and also check out liens on the home and make sure the home is in very good shape. Take three things you want that are critical such as safety, neighbors, schools, distance to work, and why you want to buy a home to live in.
Jim Kawakami, Nov 12, 2010, http://jimboguy.blogspot.com