September 4, 2007

Recession Due to Real Estate?

Recession Due to Real Estate? �

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The weak housing market could topple the country into a full-blown recession and the Federal Reserve should slash interest rates aggressively.� This is what one of the country's most prominent economists, Martin Feldstein, president of the National Bureau of Economic Research, said recently.

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Financial futures indicate a 100 percent likelihood that the Fed will lower its overnight funds rate by a quarter percentage point to 5.0 percent when policy-makers next meet on September 18th.

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What do you think?� Do you think cutting interest rates is the answer to improving the real estate industry?

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We'd love to hear your comments… and you can leave them annonymously if you like.� Just click the comment link below and tell us what you think.

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