America is gonna be pissed when it wakes up.
I am seriously sick of these fools at the Fed and the NAR and their stupid bullsh*t forecasts.
Here's a message to both:
YOU CAN TAKE YOUR F*CKING FORECASTS AND STICK THEM WHERE THE SUN DON'T SHINE. YOU CAN FOOL MOST OF THE PEOPLE MOST OF THE TIME, BUT NO LONGER. YOU'RE A BUNCH OF DISCREDITED HACKS, YOU HAVE BLOOD ON YOUR HANDS, AND IT'S TIME FOR THE PITCHFORKS AND TORCHES TO COME OUT IN AMERICA.
The on Wednesday lowered its projection for economic growth this year, citing damage from the double blows of a housing slump and credit crunch. It said it also expects higher unemployment and inflation.
"With no signs of stabilization in the housing sector and with financial conditions not yet stabilized, the committee agreed that downside risks to growth would remain even after this action," minutes of the Fed's Jan. 29-30 closed door meeting showed.