Loan Modification

Will Oil Spike Lead To QE3?

By Implode-Explode Heavy Industries

I would take a position we would respond with more accommodation? Lockhart said, regarding the potential onset of recession as a result of oil price increases. While current ? or even slightly elevated ? prices are manageable, said Lockhart, ?around $150 it becomes a much more serious concern.?

Wow, so the inflationary results of the Fed's monetary deluge imply we need more of that deluge? This just goes to show you can "prove" anything with sophist logic.

Full post as published by Mortgage Lender Implode-o-Meter on March 08, 2011 (boomark / email).