Tag Archives: default
How the Fed Retarded the Residential Real Estate Market
Even though houses are completely unaffordable, prices remain high because the supply is ultra-constrained. The Fed, in essence, retarded the residential real estate market. Only well-intentioned central planners could accomplish such a feat. Continue reading
Welcome to the Era of Targeted Bailouts
Here at the Economic Prism, we’re opposed to market intervention and bailouts of all colors and stripes. The conceit of it all, that a collection of unelected bureaucrats knows what’s best for a 330-million-person economy, sticks in our craw like a broken chicken bone. Continue reading
On the Importance of Deflation and Depressions
Deflation, in essence, means a general reduction of prices. As opposed to inflation, deflation allows consumers to buy more goods or services tomorrow with the same money they have today. Savvy consumers will then delay purchases in anticipation they can buy more for less in the future. Continue reading
What Brookfield’s Default Has to Do with You
This trip down memory lane was wandered with intent and purpose. Because this week Bloomberg reported that Brookfield Corporation, one of the largest commercial real estate companies in the world, has defaulted on $161.4 million of office building mortgages. Continue reading
