Am I privy to the discussions of the RBA Board? No again. But I do know this. I do know why I would have raised rates, and would keep on raising them until the Government gets the message.
October 9th, 2009 | Dr. Steven Kates | 16 comments | ContinuedAll Posts Tagged With: "mortgage rates"
Underlying Demand During a Housing Shortage
That is clever to suggest that when rates rise people will have to find another way to say that houses are affordable. But we reckon when rates rise, as they eventually must, a lot of new home buyers will find out that access to cheap credit does not make a house affordable. It just makes the amount of debt you owe to the bank a lot larger.
September 30th, 2009 | Dan Denning | 41 comments | Continued
Trends Make Investors Less Afraid of Risk
But on March 9, 2009, came a lull. Reluctantly, investors came out of their storm shelters. The skies lightened…the sun shined. Oil has gone up 53% since then. Stocks worldwide are up about 30%.
And now…people say “the worst is behind us.”
June 4th, 2009 | Bill Bonner | 4 comments | Continued
How U.S. Mortgage Rates Affect Aussie Stocks
Today’s Daily Reckoning has a simple task: to figure out what all this business in America means for Australia. Okay, it’s simple in theory, but maybe not so simple in fact. Let’s have a crack anyway. The last few days we spent a great deal of time trying to discover the goal of the Fed’s $1 trillion foray into Treasury bonds and the U.S. mortgage-backed securities market. Why?…
March 20th, 2009 | Dan Denning | 10 comments | Continued