Real estate prices to slow, not collapse

Weakening economy not indicative of housing bubble

The Fed tightened (again) and long-term interest rates fell (again) in a disconnection between the Fed and the bond market as great as any in memory.

Since spring, the Fed has tightened .75 percent, and bond yields have fallen .90 percent. By all traditional measures, such a counter-move is a bond-market forecast of a too-tight Fed, and a recession soon to follow.