#quantitative-easing
#quantitative-easing
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#federal-reserve #public-finances #housing-affordability #mortgage-rates #monetary-policy #interest-rates
#federal-reserve
US Elections
from24/7 Wall St.
2 weeks agoWill Fed Chair Pick Kevin Warsh Kill the Trump Bull Market? 1 Decision Matters More Than Anything Else
Markets have reached new highs despite inflation, rates, recession fears, and geopolitics, but a Trump-era Fed chair could reshape policy via scrutiny of the Fed’s balance sheet.
fromwww.theguardian.com
6 months agoTrump is pushing 50-year mortgages. Talk about short-term thinking | Arwa Mahdawi
Housing, particularly in places with a decent job market, has become increasingly unaffordable in the US. That's partly thanks to quantitative easing during the pandemic, which supercharged housing inflation. The median American home price in January was $418,000, about a 45% increase from $289,000 five years ago, per Redfin data. Wages haven't gone up at the same rate, and housing prices compared to income have reached an all-time high.
Real estate
US politics
fromFortune
8 months agoRay Dalio says the world is running out of interest in buying U.S. debt-but America is unable to cut back on spending | Fortune
America's $37.5 trillion debt and rising interest costs create a crisis risk while political constraints make meaningful federal spending cuts unrealistic.
Miscellaneous
fromFortune
8 months agoTop analyst who once feared 'the end of capitalism' rips French and British boomers for sabotaging Gen Z futures | Fortune
Generationally skewed fiscal policies and high spending on retirees in the UK and France are burdening public finances and undermining Gen Z's economic prospects.
fromwww.theguardian.com
9 months agoTreasury should tax big banks on quantitative easing windfalls, argues thinktank
In a report called Fixing the Leak, the IPPR's associate director for economic policy, Carsten Jung, says the Treasury should rein in the costs of QE as public finances are tight. What started as a programme to boost the economy is now a massive drain on taxpayer money, he said. Public money is flowing straight into commercial banks' coffers because of a flawed policy design. While families struggle with rising costs, the government is [in effect] writing multibillion-pound cheques to bank shareholders.
UK politics
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