It was interesting that Yahoo

It was interesting that Yahoo Finance had an article about Fed raising interest rates and its effect on mortgages.

The dollar generally strengthens when rates go up, so they want to raise them (since the Fed is more interested in the global economy than reconstituting ours - think Wall Street money more important to Washington than Main Street money). They want the dollar strong so we can buy cheap foreign stuff (they don't like US factories). And CEO's are afraid of getting bought out by more foreign companies since their shares will be cheap when the dollar falls 50%.

But, mortgage rates are tied (more or less) to the US govt lending rates also. Real estate agents, investors, lawyers, banks, etc. all need housing to go back to the boom days (note the $8000 credit for home buyers FLASHES through Congress, but USA-made requirements die in committee). So if they raise interest rates, the not-really-alive housing market goes kaput, for sure.

So they want to raise rates, but not raise rates, but raise rates, but not raise rates.

At this very moment, the most powerful people in the country are fighting each other over what to do. You can't see the fight. It is hidden from view. It is lobbyists and investors and bankers and backers and many foreign company/agencies.

Of course, the dollar needs to fall (so our exports cheap and imports are expensive and we get our jobs back), and of course, the rates should stay low to keep housing at least on life-support. But I will bet that they raise the rates, and you will see how the country is really controlled. They will give fancy reasons for it, but the bottom line is that Washington is actually representing global (trans-national) interests more than American interests. What would Franklin or Adams or George Washington say? (Jefferson would like it - he was lousy with money).

Enjoy the show...