“The Federal Reserve, and therefore the economy, is caught on the horns of a dilemma of our own making. ZIRP (zero interest rate policy) and the aggressive pumping of money (upwards of $85 billion a month) into the financial system have tripled our money supply. Housing is perhaps the canary in the coal mine telling us that things are not going well and danger is close by. Even with 3% 30-year mortgages and no money down, we have to go back to 1997 to see such such low levels of home ownership in America.”
http://www.americanthinker.com/2013/08/the_feds_money_trap.html
