Potentially true. But if bond prices don’t come down too (could go either way), then banks are just gonna buy bonds with even bigger spreads instead of competing with each other for mortgages. (View Post)
Mortgage and consumer debt is tied to bond rates, not fed rates. Just lowering Fed rates doesn’t automatically lower bond rates. Issuing less bonds issues the only way to get the rates lower over the… (View Post)
Bucks claim that capitalism made the off shore choice is true and valid. But it ignores the part where bureaucracy, regulation and big government created the conditions where moving off shore was the… (View Post)