"The Lock-In Effect of Rising Mortgage Rates"
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Today, in the Calculated Risk Real Estate Newsletter: "The Lock-In Effect
of Rising Mortgage Rates"
A brief excerpt:
Here is new working paper from Feder...
9 hours ago
2 comments:
By my calculations, for the United States: oil consumption was 1% of GDP in 1965, 8% of GDP in 1979, 1% in 1998, and 5% in 2011.
Luke Smith,
Maybe we can think up a new bubble to boost GDP.
Collectible canned goods? Just crazy enough to work! ;)
Gallows sarcasm. Sigh.
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