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And now they're in a catch-22 because any significant decrease of housing prices would cause ripple effects throughout the system too. Which is why I think they
by patentatt 5y ago
And now they're in a catch-22 because any significant decrease of housing prices would cause ripple effects throughout the system too. Which is why I think they're pursuing an inflationary policy to simply inflate their way out of it, but that also has negative consequences. There's not really a good way out of it at this point. It's almost like the free lunch they bought by setting rates to next-to-nothing after 2008 wasn't actually free.