Capitalism, The Fed and Economic Policy

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  • mrussel1
    mrussel1 Posts: 31,020
    Lerxst1992 said:
    Nah, cutting interest rates to a record low in 2021, reducing aggregate mortgage payments by $26b had nothing to do with the problem.  



     Jiggs, they’ll just never see a problem with too much govt intervention.
    So wait, you think federal reserve monetary policy is "too much gov't intervention"?  
  • mrussel1
    mrussel1 Posts: 31,020
    edited November 17
    Lerxst1992 said:
    Nearly 60% of all mortgages  today are locked in at below 4%. No one’s giving those rates up. The govt intervened and we have a decade or two of less housing inventory. At least y’all can blame 45 for that.


    maybe just maybe, there will be one light bulb to go off here.
    I didn't realize monetary policy just started a decade or two ago. 

    Second, no one is talking about not enough homes for sale.  We are talking about not enough supply, which is focused on the building side.  If no one is selling their homes because their rates are low and they don't want to lose it, then are you arguing for higher interest rates?  Because I think you and your new-found stable genius president appear to be disconnected on that issue.  
    Post edited by mrussel1 on
  • mickeyrat
    mickeyrat Posts: 45,358
    Lerxst1992 said:
    Nah, cutting interest rates to a record low in 2021, reducing aggregate mortgage payments by $26b had nothing to do with the problem.  



     Jiggs, they’ll just never see a problem with too much govt intervention.
    I'm sorry , what? Jiggs?

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