Submitted by Chris Pavese on 02/07/2011 - 14:39
Dallas Fed Fisher fixed Home Equity Housing Market Mean Reversion Recession Richard Fisher Unemployment
Believe it or not, all of the officials at the Fed are not quite as blind as Bubble Blowing Ben. The Dallas Fed, run by our hands-down favorite Fed President Richard Fisher, publishes a regular Economic Letter that is always insightful and lacks the bias of certain other elected officials whose Helicopters will remain nameless. We’d recommend those expecting a strong rebound in housing anytime soon take a look at the December 2010 issue titled The Fallacy of a Pain-Free Path to a Healthy Housing Market. Mean reversion is a powerful force in finance and a picture is worth a thousand words.