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Loan Modification

: Mortgage Lender Implode-o-Meter

Bernanke Asset Purchases Risk Unleashing 1970s Inflation Genie

By Implode-Explode Heavy Industries

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"?By reducing real interest rates and trying to break the psychology of ?Why spend today when I can buy goods cheaper tomorrow,? they are hoping to drive growth that would be more commensurate with a pickup in employment,? said Dan Greenhaus, chief economic strategist at Miller Tabak & Co. in New York. ?The risk is a late 1970s type of scenario where the inflation genie gets out of the bottle.?"

Full post as published by Mortgage Lender Implode-o-Meter on October 26, 2010 (boomark / email).

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