With QE, the Fed created money to buy securities and pump up asset prices; now it sheds securities to destroy this money.
“Fleets are desperate for more equipment, but trucks are in short supply due to the supplier constraints.”
This Fed is getting seriously hawkish: It revealed that instead of thinking about backing off rate hikes, it’s replacing the yield curve.
Was “QQE” just a pretext for bringing the government bond market under absolute control to avoid a Greek-style debt crisis?
Zombie malls and shuttered stores don’t count.
When it gets too complicated for senior auditors, send in a “college-aged intern.”
“Recent home buyers could be facing negative equity”: CoreLogic.
Um, no. Central banks not enthusiastic about the renminbi.
Rents in Southern California go nuts. Bay Area & Seattle “mixed.” Chicago & Honolulu in free-fall. New York City sharply lower. Washington DC loses grip. But rents soar 10-15% in many markets.
There are no more excuses.