Danny Walker Many people expect the rise in interest rates over the past 18 months to lead house prices to fall. Average prices have already fallen by 1–2% in the UK and by more in the US. In this post I show that historically there have been large differences in how an interest rate shock … Continue reading How house prices respond to interest rates depends on where they are in the country
interest rates
The Opposition’s shadow Treasurer Angus Taylor (yep, him) has called on the Government to explain why the country relies on a Reserve bank instead of an actual playing bank. ”It’s high time Treasurer Jim Chalmers explained to the Australian people... Read More ›
This is a wide-ranging discussion about the anatomy of bank failures. Dave Kelley, the moderator, is a pension actuarial expert, headquartered in Ohio. Chairman of the Domestic Policy subcommittee of the Govt Oversight Committee, Kucinich, as a senior member of Congress, investigated the subprime meltdown (see you tube videos), grilling Wall Street titans. Michael Hudson […]
The post Dennis Kucinich and Michael Hudson on the Anatomy of Bank Failures appeared first on scheerpost.com.
The lockdowns and the stimulus required to keep the economy alive helped drive inflation. Then the Fed jacked up interest rates. And all hell broke loose. On Friday March 10th, 2023, Silicon Valley Bank (SVB) died of Covid. Alright, it’s a little more complicated than that, but Covid lockdowns followed by massive government stimulus were a critical – and massively under-acknowledged – factor in propelling the bank’s demise. At the heart of the crisis is the gigantic pile of low-interest […]
The post How Covid lockdowns primed the current financial crisis appeared first on The Grayzone.
The Reserve Bank of Australia has ruled that all mortgage holders in Australia must receive a kick to the groin each month in a move that is designed to put a hold on inflation. ”We saw yesterday with Valentine’s day... Read More ›
