Harvey and Irma Passed, Back To Same Procyclical Housing

By |2018-03-23T12:19:49-04:00March 23rd, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Why does monetary policy pay so much attention to housing? The easy answer over the last twelve years is the bubble. It was hard not to, though for a very long time policymakers did attempt a systemic disavowal. But beyond the middle 2000’s housing mania, central banks have had a very keen interest in real estate from the beginning. The [...]