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March 14th, 2008 10:08 AM by David W. Welch
Inflation numbers for February were down, adding to the expectation the Fed could drop rates again. While I appreciate the lower rate on my HELOC, I don't believe the world market likes to see our rates too low. It puts more downward pressure on the dollar. I also believe it fuels more speculation in the oil markets. (pun intended)
In my humble opinion the best way to get out of this downturn is for people to start buying homes. This economic slowdown is a direct result of peoples fears of the housing market. Please remember you buy a home to live in, and as a hedge against inflation. Your home should not be viewed as an investment vehicle that you can get into and out of like common stock.