$Stock*Shop*Charts*News*Option$

[Stock Lobster]

As said, the fed move did NOTHING for housing. In fact, by killing the dollar value, it caused the long bond (10 year) bond yield to rise, as investors get jittery about inflation (by way of higher prices americans will now have to pay for imported goods as US dollar drops) to hit the economy. That yield will only rise more as the dollar falls.

The problem, as noted so many times, is that average house prices bear little to no relation to average american wages, and won't for a long time. Current prices need to drop 40-50% in many areas before they become affordable again to increasingly strapped US workers

All of this was very predictable to anyone with a basic Economics 101 background, so why they did it is beyond me.

All it did was help the stock market - for now.