Posts from — May 2007

Dow 13,000… Are we heading to a recession or is the Fed on track to tame inflation? The latter seems to be the thought of many. The GDP numbers came out on Friday and were way below expectations at 1.3%. But those who looked deeper in the numbers saw that wage inflation was lurking around in the ECI or Employment Cost Index. The Subprime market and gas prices have the consumers on edge. I am still on the side that feels rates will be lowered in the late fall or mid winter. With this in mind, I would still opt for short mortgage terms, ie. 1 to 3 years.

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