Bernard Baumohl Quotes

With the housing sector now cooling and interest rates rising, the home equity cash faucet (which has been feeding consumer spending) is about to dry up.

- Bernard Baumohl

Tags

Housing | Sector | Cooling | Interest | Rates |

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On the other hand, Greenspan seems satisfied that his tightening has had a lasting effect. He's likely to stand pat for the rest of the year. - Bernard Baumohl

The latest batch of economic news does not paint a very encouraging picture on the sustainability of consumer spending. - Bernard Baumohl

With the housing sector now cooling and interest rates rising, the home equity cash faucet (which has been feeding consumer spending) is about to dry up. - Bernard Baumohl