Bailout the weak nations of Europe, support the US housing market, maybe even support weaker states within the US.......................miles to go before we sleep.
This is a ginormous figure!
Below is David Rosenberg's chart of the Fed's Holding of MBS!!
So are we witnessing a market driven recovery in the US housing market or simply one that has been supported by the US FED buying $1 Trillion worth of MBS ?
Are they AAA rated MBS ? ? ?
Wonder how the finances of Freddie Mac and Fannie Mae are doing ??