Tuesday, October 04, 2005
Real Estate, Interest Rates and the Economy
Have a look at Bill Gross's most recent Economic Outlook. He quantifies, with Alan Greenspan's assistance, the impact of home equity refinancing and withdrawals on the US economy and the recent rate increases by the Fed. I have previously credited Gross with being the foremost fixed income investment manager in the world, so it's a worthwhile read for those concerned with a housing bubble and the economy.
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