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Who could have guessed that declining real interest rates could eventually lead to less real income growth?
Source Data:
St. Louis Fed: Custom Chart
Real Estate Newsletter Articles this Week: Existing-Home Sales Increased to
4.15 million SAAR in November
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At the Calculated Risk Real Estate Newsletter this week:
[image: Existing Home Sales]*Click on graph for larger image.*
• NAR: Existing-Home Sales Increase...
10 hours ago
11 comments:
No "Turning Japanese" musical tribute?
Anyway, this trend seems very bullish for mortgage rates, consumer discretionary sales and MyRA retirement account contributions.
Nathan,
No "Turning Japanese" musical tribute?
I think that one's been done to death (of yields ;)).
Anyway, this trend seems very bullish for mortgage rates, consumer discretionary sales and MyRA retirement account contributions.
I think the key to future prosperity will involve borrowing money at 10% on credit cards and reinvesting that money tax free in treasury bills paying 0%.
I also believe that the earth is not flat but rather a cube with each side having one to six circular indenations in it (presumably from asteroid strikes in the distant past). That's just how I roll. ;)
Indentations!
Oops.
Who could have guessed that declining real interest rates could eventually lead to less real income growth?
I've heard that there's a moonshiner in the Ozarks that understands it all.
Anyhow, I'm just glad that we have and "independent" Federal Reserve! Ya know, one that's unaccountable and able to ignore its actual mandate(s). And one that can effectively use doublespeak - like rising prices are actually stable prices.
If the bond vigilantes ever start to believe our Fed isn't independent, interest rates will be in for some serious whoop @ss!
mab,
And one that can effectively use doublespeak...
The First Two Rules of Fed Bubble Doublespeak
1. There is no bubble to go bust.
2. THERE IS NO BUBBLE TO GO BUST!!
"I don't know what you mean by 'glory,' " Alice said.
Humpty Dumpty smiled contemptuously. "Of course you don't—till I tell you. I meant 'there's a nice knock-down argument for you!' "
"But 'glory' doesn't mean 'a nice knock-down argument'," Alice objected.
"When I use a word," Humpty Dumpty said, in rather a scornful tone, "it means just what I choose it to mean—neither more nor less."
"The question is," said Alice, "whether you can make words mean so many different things."
"The question is," said Humpty Dumpty, "which is to be master—that's all." - Lewis Carroll, Through the Looking Glass
mab,
"The question is," said Alice, "whether you can make words mean so many different things."
The stock market is tankin'.
Roarin' across an endless field of prosperity like a heavily amored vehicle capable of withstanding great punishment in a most resilient way!
What did you think I meant? ;)
Who could have guessed that declining real interest rates could eventually lead to less real income growth?
Anyone who's been paying attention for the last 30 years.
http://research.stlouisfed.org/fred2/graph/?g=ryT
Cheers!
JzB
Jazzbumpa,
$12.2 Trillion earning 0.084%! Woohoo! ;)
Inspiring, isn't it.
Jazzbumpa,
As a long-term saver concerned about the long-term future of long-term interest rates, it did inspire me to start this blog in 2007.
So, yeah. Inspiring! Hahaha! Sigh.
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