Sunday, July 7, 2013

PK: " mortgage rates, for housing are the most important transmission mechanism for monetary policy"

 

in usury macro news:

recent taper talk yielded rapid  yield shift ...


PK: "Do you really think that this will have no effect? Really, really?"
" The Fed can’t really commit to future policy; all it can do is signal its character
, and what it ended up doing here was convey the sense
that it’s much more inclined to tighten too soon than previously thought."