Something tells me with GDP slowing down, sales at corporate America are going to stagnate and we're going to have a little correction in the stock markets as well as the housing markets.
And you know whose to blame for all this?
That damn George Bush.
1 comment:
They are related to each other in that as the Stock market starts to weaken in performance, the money than tends to be invested into the Bond Market (10Year T-Bill). The mortgage interest rates are based off the 10 Year T-Bill, not the prime interst rate... ...unless of course you got an ARM or Interest only Sub-Prime mortgage.. Then who knows what the interest rate is benchmarked from...
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