Bernanke

The Zero Sum Game Of Lower Interest Rates And Why Mortgage Rates Will Rise

The Zero Sum Game Of Lower Interest Rates And Why Mortgage Rates Will Rise

The Federal Reserve has forced long term interest rates to historic lows in a desperate attempt to “stimulate” both the housing market and the economy in general.  The results have been mixed but the benefits of lower […]

Optimists On Housing Recovery May Have To Wait Another Decade – Humpty Dumpty Vs The Fed

Optimists On Housing Recovery May Have To Wait Another Decade - Humpty Dumpty Vs The Fed

It wasn’t supposed to be like this. Housing prices were never supposed to decline year over year. Economic depressions were supposed to be a relic of the past. If the economy weakened, the Fed would fix everything […]

Americans Stubbornly Deny All Time High In Personal Income

Americans Stubbornly Deny All Time High In Personal Income

American workers should be celebrating the latest numbers from the U.S. Department of Commerce that show personal income at all time highs.  Since taking a rather sharp dip during the recession of 2008-2009, personal income has soared […]

Will Mortgage Rates Soar As Fed Programs Wind Down?

Fed Support No Longer Unlimited There seems to be near unanimous agreement at all levels of government that a recovery in housing prices is essential for economic stabilization and future growth.   The Federal Reserve has supported this […]

Fiscal Discipline – Endorsed By All, Practiced By None

Has anyone noticed the correlation  of “fiscal discipline” chatter to rising interest rates?  Efforts by the Fed to manipulate rates lower through the outright purchases of treasuries and mortgage securities seem to be failing as the long […]

Geithner – “I am not a crook”

Geithner -

“Chinese assets are very safe” This remarkable assertion regarding the safety of US debt securities held by China was made by Timothy Geithner, US Treasury Secretary, during his visit to China.   That Mr. Geithner felt compelled to […]

Chinese Likely To Halt Purchases Of US Treasury Debt

Nervous Times In China The Chinese are learning the hard way about an old American banking story. The man who owes the bank $50,000 dollars on a secured loan may lay awake at night worrying about how […]

Do Bernanke And Obama Talk To Each Other?

Bernanke Gives Upbeat Assessment On Economy Chairman Bernanke predicted today that the recession would end in 2009.  Some of his upbeat, optimistic comments included: “If actions taken by the administration, the Congress and the Federal Reserve are […]

Bernanke Predicts 2010 Recovery In Stocks, Housing & Economy

Bernanke Predicts Recession To End In 2009 The stock market jumped over 200 points today, partly due to Federal Reserve Chairman Ben Bernanke’s optimistic comments to the Senate Banking Committee.  Some selected comments by the Chairman follow: […]