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Reply #17: What do they do? [View All]

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sidpleasant Donating Member (376 posts) Send PM | Profile | Ignore Tue Aug-05-03 04:36 PM
Response to Reply #16
17. What do they do?
Raise the interest on Treasury bonds to make them more attractive as investments, I guess. That'll raise mortgage rates which might start choking the boom in housing sales and refinancing. If we are in an artificially inflated housing bubble and it bursts things could get really really bad, if this guys prediction is even half right.
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