Here's what we're not hearing about the consequences of a zero-interest-rate policy.
The media's peanut gallery is asking the obvious questions of the Fed Chairman in this afternoon's press conference.
The two questions I would like to ask The Bernanke right now are, what is the justification of penalizing the savings class in a multi-year period of zero-interest-rate policy that extends into 2014, and what is the economic and social cost and consequence?
Even though we saw a decline in pending home sales, the metric continues to show slow improvement.
The pending home sales decline from the highest level achieved since early 2010 was no cause for concern.
Falling by 3.5%, with weakness in Northeast and Southern regions and strength in the Midwest, this continues to show stabilization and slow improvement in the U.S. residential real estate market. I have purchased MTG.