The black art of reading Fed minutes
Higher import prices raise domestic costs, but not incomes
If Fed tightens, long-term rates might actually fall
Few consumers will even notice changes in mortgage rules
Central bank could face dead stick landing if it tightens
If Europe does not save itself, Fed will be fighting deflation again
The Fed has been it since 2008, and now owns $1.7 trillion in home loans
Japan, Europe and the US all showing signs of deterioration
When the world is scared it wants sovereign debt, not mortgage-backed securities
Rates are vulnerable to the Fed, but held down by Europe's troubles
When incomes start to rise, everything else will fall into place
Minutes show chaotic disagreement on how to tighten
Cheap credit means homes are still affordable, but incomes must keep pace with inflation
Instability is driving up oil prices, feeding inflation fears
People need help to compete, and none is forthcoming