Responding To The Shock Of The Cost Of Money
A weekend topic starting with Reason. “In 2010 Thomas Hoenig, then the president of the Federal Reserve Bank of Kansas City and a member of the
Tag : Quantitative Easing
Modern Monetary Theory Is True, As Long As Nobody Believes It’s True
A report from the Union Tribune in California. “San Diego County’s home price has dropped for the sixth month and is close to erasing all yearly
Over-Eager Investors Who Took Advantage Of Low Interest Rates Bought Houses At A Premium Under The Impression It Was Going To Be Like That Forever
A weekend topic starting with the Los Angeles Times. “While it’s hard to predict what comes next, economists said it’s doubtful rates will fall
The Allure Of Easy Money Never Fades, Especially For Those Who Benefit The Most
A weekend topic starting with Business Insider. “Prepare for house prices to slump, unemployment to spike, and the US economy to slip into
Pay Less Attention To, Or Even Ignore, What Sellers Are Asking For
It’s Friday desk clearing time for this blogger. “‘The phone’s barely ringing,’ said real estate agent John Silva of John Silva Realty
The Biggest Drawback Of Helicopter Money
A weekend topic starting with Fortune. “In 2005, Fed Chair Alan Greenspan told Congress that a ‘bubble in home prices for the nation as a whole
The Great Financial Bubble Of Every Bubble Being Pricked By The General Move To Somewhat Greater Degrees Of Financial Sanity
A holiday topic starting with NPR. “Seattle Times business reporter Paul Roberts spoke to KUOW’s Angela King: I’ve talked with a number of
2 min read
Some recent homebuyers will find rate hikes painful as mortgages go up: BoC
OTTAWA — Recent homebuyers with variable-rate mortgages will find the adjustment to higher interest rates more painful, said Bank of Canada senior
Realtors Have Had To Slash Selling Prices Because They Need Cash
A report from Realtor.com. “The red-hot housing market has been brought to its knees by soaring mortgage interest rates. ‘No one wants to catch a
1 min read
Trick or treat, QT or QE
Quantitative tightening (QT) is due to start in earnest on the 1st November – just in time for Halloween! The Bank of England is scheduled to start
4 min read
BoC’s Macklem says he’s not backing down on rate hikes, even as recession fears grow
Bank of Canada governor Tiff Macklem emphasized Friday (Oct. 14) that he has not changed his mind on interest rate hikes, even as expectations
One Of The Greatest Policy Errors Of All Time
A weekend topic starting with WPTV in Florida. “Genide Nazaire has been house hunting for two years. The latest figures show mortgage rates have
Buyers Can’t Qualify Or Afford, And Probably Don’t Want To Catch Falling Knives Anyway
A weekend topic starting with the LA Daily News. “Q. Am I wrong to suggest that prices are already falling sharply, we just can’t see it? Wolf: I
A Typical Pattern Of Panic, Fear, And A Mad Scramble By Central Bankers
A weekend topic starting with the Marietta Daily Journal in Georgia. “‘Home values are staying really healthy, but it’s not the frenzy that it
3 min read
More rate hikes needed despite signs of economic slowdown: Macklem
OTTAWA – Despite some early signs of a slowing economy, Bank of Canada governor Tiff Macklem says more interest rate hikes are necessary to bring