calculatedrisk.blogspot.com - 12/4/2008
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There were two stories published today concerning house prices and interest rates. The first story came out this morning, and quoted a report from Global Insight suggesting "the housing market is now slightly undervalued". Please stop laughing ... And later today, the WSJ reported that the ...
gregmankiw.blogspot.com - 12/3/2008
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gregmankiw.blogspot.com —
According to U.S. Treasury data , the five-year
real interest rate from the TIPS market on 11/28/08...
was 4.17 percent. Yesterday , it was 2.03 percent. What happened? It appears to be, in large measure, a figment of data construction. Here is how the ...
(more)
Real interest rates plunge!
telegraph.co.uk - 12/4/2008
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telegraph.co.uk —
Rates have never been any lower since the
Bank's foundation in 1694. The aggressive move, which most...
economists had forecast, comes as a raft of data shows the state of the economy is worsening by the day. Earlier today, Halifax, the country's ...
(more)
Interest rates cut: Bank of England cuts rates from 3 ...
seattletimes.nwsource.com - 11/30/2008
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seattletimes.nwsource.com —
The Federal Reserve is widely expected to cut
interest rates again — and might even cut all...
the way to zero — to revive the economy. A 0.5 percentage point cut is expected at the central bank's Dec. 15-16 meeting, which would bring the target to 0.5 ...
(more)
Business & Technology | Fed may cut interest rates even ...
Comments
Blog Reactions
Fed Watch: Potentially Very Bad Policy
Economist's View —
... their
position. (The Treasury may think they can make an arbitrage profit now, but
just see what happens when the relative yields flip.) Why? Because at some point
in the future, revoking the right will create classes of winners and losers,
especially if it results in a steep rise in mortgage rates. And the losers will
fight tooth and nail to prevent that rise; just imagine the army of lobbyists
from home builders and realtors that will descend on Washington. (Separately,
Calculated Risk questions whether or not the Treasury can meaningfully
impact housing prices via ...
Thursday morning links
The Mess That Greenspan Made —
... - Telegraph The Downturn Hits Dubai - BusinessWeek Dubai Speculators Quit as Lending Drought Bursts Desert Bubble - Bloomberg HOUSING Paulson Considers New Plan to Resuscitate U.S. Housing Market - Bloomberg Home Foreclosures Continue, Despite Bank's 'Freeze' - BusinessWeek Buyers flock to condo auction, ready to snap up bargains - MarketWatch Signs of life in U.S. housing market - Globe & Mail House Prices and Interest Rates - Calculated Risk A Rush Into Refinancing as Mortgage Rates ...
Thursday links: extended stretch of volatility
Abnormal Returns —
... Could below market mortgages put a dent in the current housing crisis? (Calculated Risk) ...
Lower interest rates and home prices
Accrued Interest —
... in this post from 12/3. In it, CR claims that lower mortgage rates will not improve home prices, only improve home demand. The crux of the argument is... ...
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Video - Your Money: Lower Interest Rates And You
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International Long-Term Interest Rates
bespokeinvest.typepad.com 12/28/2008 — As shown in the charts below, long-term government interest rates are in steady downtrends across the globe. While long-term interest rates with a "one" handle have been exclusive to Japan for several years, other countries, especially the US, are ...
US house prices
breakingviews.com 8/26/2009 — US house prices: robert.cyran@breakingviews.com Click here
What's moving interest rates?
krugman.blogs.nytimes.com 6/22/2009 — I've written recently about applying the Engel-Frankel method to making sense of interest rate movements: ask what else moves when rates move, and you get a clue to what's driving the changes. I've previously argued that the behavior of commodity ...
Zero Is Not A Lower Bound For Interest Rates
econospeak.blogspot.com 12/31/2008 — In recent days Paul Krugman has been flailing a model of the term structure of interest rates and the liquidity trap based on the idea that there is an absolute lower bound of zero percent for nominal interest rates. This may have been true in the ...
UK interest rates cut to 3%
ft.com 11/6/2008 — The Bank of England's Monetary Policy Committee slashed its key rate by an unprecedented 1.5 percentage points to 3 per cent, underscoring the Bank's deepening concern over a contracting economy
Negative interest rates
marginalrevolution.com 4/20/2009 — Greg Mankiw has a very good post (and column ) on the idea of negative interest rates. I have long found this a good conundrum to tease (these sad days I dare not use the word "torture") graduate students with. Here is one ...
Federal Reserve may cut interest rates to 0% soon
usatoday.com 12/15/2008 — Economists expect the Fed's policymaking Open Market Committee to cut its short-term interest rate target, now at a scant 1%, to a record low of at least 0.5%, or further. The federal funds rate, which banks charge each other for overnight loans, is a ...
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