It'd be nice if that article had actual proof, or at least some kind of FOIA-sourced documents to support the $7.7t number. There's nothing there, though, and you're just parroting a number that appears once without any substantiation.
I'm sure the money supply continuing to skyrocket means the Fed isn't bailing anybody out. Surely those trillions aren't going toward bailouts for the government, Wall St, big banks, or the housing market.
Holy CRAP! Look at that long-term M2 chart! It looks like money is growing at a constant logarithmic rate! That's evidence of manipulation. Or, uh, inflation.
The Fed is bailing out home owners, investors, realtors 24/7 using trillions in QE to push rates lower to prop up the housing market.
I know, look at all these QEs we've had! It's been at least zero since 2010! Free money for everyone, all on the Fed's tab!! [0]
[Natural mortgage rates] would be something closer to a historical norm, 6% to 8% would be a lot closer to normal based on the last 50 years, than 4%, for example. But if you know anything about any of this, you already know that.
Or there's just a glut of housing supply -- including foreclosures -- and banks are offering low rates to clear that supply. Also, if "you know anything about any of this" you'd know better than to use past information to analyze this kind of extraordinary economic climate.
Seriously: half of your stuff is unsubstantiated, and the few factually-correct points (money supply, low housing rates) are symptoms of normal economic behavior. Please stop pushing HN's economic discourse further into the earth.
[0] Also, if you "knew anything about any of this" you'd know QE3 has been whispered about since 2010. Two years later...zero additional QE.
It'd be nice if that article had actual proof, or at least some kind of FOIA-sourced documents to support the $7.7t number. There's nothing there, though, and you're just parroting a number that appears once without any substantiation.
I'm sure the money supply continuing to skyrocket means the Fed isn't bailing anybody out. Surely those trillions aren't going toward bailouts for the government, Wall St, big banks, or the housing market.
Holy CRAP! Look at that long-term M2 chart! It looks like money is growing at a constant logarithmic rate! That's evidence of manipulation. Or, uh, inflation.
The Fed is bailing out home owners, investors, realtors 24/7 using trillions in QE to push rates lower to prop up the housing market.
I know, look at all these QEs we've had! It's been at least zero since 2010! Free money for everyone, all on the Fed's tab!! [0]
[Natural mortgage rates] would be something closer to a historical norm, 6% to 8% would be a lot closer to normal based on the last 50 years, than 4%, for example. But if you know anything about any of this, you already know that.
Or there's just a glut of housing supply -- including foreclosures -- and banks are offering low rates to clear that supply. Also, if "you know anything about any of this" you'd know better than to use past information to analyze this kind of extraordinary economic climate.
Seriously: half of your stuff is unsubstantiated, and the few factually-correct points (money supply, low housing rates) are symptoms of normal economic behavior. Please stop pushing HN's economic discourse further into the earth.
[0] Also, if you "knew anything about any of this" you'd know QE3 has been whispered about since 2010. Two years later...zero additional QE.