One paragraph per question is fine.
1. The justification for low interest rates is no longer to save banks, but instead to goose the stock market as an indirect way to create jobs. And now, mutual and hedge-fund managers are scrambling their brains trying to figure out when rates will rise, trying to outguess the Fed and other investors. So what is your take on the timing of this turn?
2. Housing Starts after suffering their worst collapse in decades appear to have bottomed out five years ago and once again are recovering. Is the American Dream like the mythical Phoenix rising from the ashes? Your take!
3. Monetary policy in the US, especially the desire to increase interest rates at some time soon, will have international repercussions. One of these will be to strengthen an already strong dollar. Please discuss the consequences of such an interest rate rise on the US economy, taking into consideration the global ramifications.