(12-19-2018, 04:29 PM)StroudCrowd1 Wrote: The Fed will not be happy until nobody can qualify for a mortgage anymore and another recession happens. These people are truly despicable.

In all honesty, this should have happened sooner.  In my opinion it should have happened around late 2014 or around 2015.  Mortgage interest rates need to be higher, savings rates should be higher and it should not be so easy to qualify for a mortgage.  People making $30k or $40k should not be able to qualify for a $150k plus mortgage or an ARM, especially with little or no money down.  That's what led to the housing bubble of the early 2000's.

The economy has been doing well, especially in recent years, but the rate of growth does need to slow down and balance out.

As it relates to this thread, the current action in the stock market today has nothing to do with The President.

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