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Housing: Going Wrong In The Few Things That Were Going Right

By |2019-07-18T17:23:50-04:00July 18th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It certainly doesn’t feel like a bubble. We’ve heard about home prices in many cities skyrocketing like there has been one, still there does seem to be something different. If it is a bubble, it sure isn’t the same as the last one, the big one fifteen years ago. Much is missing this time around. [...]

Three-For-One In Poor Housing Data

By |2019-05-21T12:16:49-04:00May 21st, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

We all know the shorthand. The Federal Reserve influences if not controls economic activity by raising and lowering the federal funds apparatus. Reducing the monetary policy targets is stimulus because everyone loves lower interest costs. Raising them therefore has the opposite effect. More direct and visible consequences are supposed to be observed first in the [...]