Recession Due to Real Estate?

Recession Due to Real Estate?  

The weak housing market could topple the country into a full-blown recession and the Federal Reserve should slash interest rates aggressively.  This is what one of the country's most prominent economists, Martin Feldstein, president of the National Bureau of Economic Research, said recently.

Financial futures indicate a 100 percent likelihood that the Fed will lower its overnight funds rate by a quarter percentage point to 5.0 percent when policy-makers next meet on September 18th.

What do you think?  Do you think cutting interest rates is the answer to improving the real estate industry?

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