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: Mortgage Lender Implode-o-Meter

Forward or Crash

By Implode-Explode Heavy Industries

"There may be no better example to express our upcoming reality than the fact that the Bank of England simultaneously 1) begins to roll down quantitative easing measures (by lowering or even halting its government bond purchases), and 2) warns the British population that living standards are about to take a major hit. In the US, the Federal Reserve is about to quit buying up mortgage-backed securities (all $1.25 trillion of which were steeped in insanity, if you ask me, just watch what happens next), but it hasn't issued a similar austerity warning. It?s probably just less politically palatable in America to say these things; and that's the only difference."

Full post as published by Mortgage Lender Implode-o-Meter on March 17, 2010 (boomark / email).