Come September, the financial party for Wall Street will begin to slow and Obama will actually have to come up with workable solutions that do not involve the Fed. Too bad he does not know how to balance a budget.

Home sales are down with reports of a three year low.  The reasons: 

 " . . . .  higher mortgage interest rates and rising home prices are impacting monthly contract activity."  Quantitative Easing has kept interest rates to historic lows,  at a penalty to those who are saving for retirement.  In September,  this money supply will begin to be reversed. Interest will increase and added pressure on the housing market will be the result.  

The Fed has “printed” more than 4 trillion dollars above the normal flow of money,   as it used its powers in a process called “quantitative easing.”  The hope was for a recovering economy that would end the need for QE.  Instead,  the economy has not rebounded and the Fed has run out of time for a sustainable continuation of play money  -  most of it going into the stock market.  In three weeks,  the Fed will begin winding down his massive QE program.  No one really knows the final impact of this eventuality.  Suffice it to say,  Wall Street is the only part of the economy that has done well over the past several years,  but its money supply is about to begin shrinking.  

Most scary for the Democrats,  are the coming mid-term elections,  which may be impacted by the reality of this news.  

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Factual information for this post comes from ZeroHedge.com;  text by Midknight Review editor.