Professor Mark J. Perry's Blog for Economics and Finance
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Thank you, Zimbabwe Ben!
http://cr4re.com/charts/charts.html?Existing-Home#category=Existing-Home&chart=MBASep72011.jpgand yet mortgage applications are at a 15 year low.this seems to be demand driven.these attractive mortgages are not attracting buyers.
WC-You are incredibly stupid.Low interest rates are a sign that investors do not fear inflation. Ergo, what we are experiencing is the opposite of inflationary expectations. Bernanke is being too cautious.However, Gov. Rick Perry agrees with you, and also concurs that Galileo was wrong too.
bunny-it is you who are incredibly stupid.low rates in the mortgage market are a sign that it has been taken over by government agencies (F+F) and that they are not profit loss based.the low rates in the bond market are a sign of leverage, not inflation expectation.banks have been forced out of the mortgage market, so they by govvies at 30:1 and count it as tier one capital, just as helicopter ben is urging them to.this has been explained to you repeatedly, so the only conclusion i can come to is that you are unable to assimilate even simple data, which is pretty obvious based upon your incessant rattle headed commentary based on you misunderstandings of basic economics and finance.
I'm trying to figure the bank's profit here on those free federal reserve notes they get...what's 4.15/0?
Typical of pseudo benny of the 'transgendered boar clan' to say: "Low interest rates are a sign that investors do not fear inflation. Ergo, what we are experiencing is the opposite of inflationary expectations. Bernanke is being too cautious"...Does it ever occur to you pseudo benny to do a little homework before YOU of all people call someone stupid?
Morgan-Read some Milton Friedman. Get back to us.Friedman clearly stated low interest rates result form investor perception that inflation is subdued. You cannot get people to lend you money at low rates if they think inflation is high, or will be high.10-year Treasuries are at 2 percent. This is inflation? These people are forced to buy US Treasuries? You have been doing the "Chicken Inflation Little Squawk and Strut" for years, and instead we have entered a period of historically low inflation. PS Galileo was right. But go ahead and join Gov. Perry's team.
Don't you love it when pseudo benny is a pathetic attempt to salvage some credibility throws out the name of 'Milton Friedman' as if he understood what Friedman was saying?"The 30-year fixed mortgage rate fell to an historic low of 4.12%, as reported today by Freddie Mac"...O.K. but just how practical is that rate if many people who want to buy a house can't meet the new and stricter standards?
Jaundos:I am not a transgendered boar. I am a transgendered boor. There is a difference.
"I am not a transgendered boar. I am a transgendered boor"...O.K., that works for me...
bunny-i have read it.unlike you, i understood it.money supply growth causes inflation when it exceeds economic output increases.you lack any grounding in the basics, therefore when you opine on the complex, you look like a fool.you fail to grasp even the rudiments of finance and assume that mortgage rates are a sign of low inflation expectations but then, you've made the same claim about unit labor repeated despite having it explained to you that unit labor is calculated using inflation so your reasoning is circular and you are arguing that your assumptions prove your assumptions which proves you have no idea what you are talking about and are unable to learn even basic math and keep your units straight.sniffing varnish may give you delusions of adequacy, but you're not fooling anyone else.
"You have been doing the "Chicken Inflation Little Squawk and Strut" for years, and instead we have entered a period of historically low inflation. "hahahahahahaha. yup, imports and exports up double digits in price, food and commodities soaring, gold off the charts.bury your head in the boskin sand if you want to, but it's just nonsense.i'll make the same offer to you:show me and actual evidence based conclusions from boskin, and i'll take him seriously. his whole report is based on subjective assumptions.try reading it (which you clearly have not). get back to me when you have some data."PS Galileo was right. But go ahead and join Gov. Perry's team."and this is just another demonstration of just how stupid you are. the logical fallacies are glaring.if i like chocolate ice cream and support abortion, and perry likes chocolate ice cream and opposes it, our shared like of ice cream does not mean we share views on a woman's right to chose.it is possible to agree with someone about one topic and disagree about another.nothing about ice cream influences my views on abortion.it's illogic and rhetoric you use to try and mask how stupid you are.no one with even a rudimentary ability to think would ever pen such drivel.
Jaundos-That's according to my wife, as of this morning. But she sometimes changes her mind, especially if she wants some money.
Morgan-Oh, blah-blah-blah. At least Juandos keeps his insults short, pithy and funny. Your moronic flatulencies stink up everything for days.
bunny-more drivel from the town idiot.i know third graders with a better understanding of economic than you have and far better thinking skills.
"Oh, blah-blah-blah. At least Juandos keeps his insults short, pithy and funny. "translation:bunny has difficulty reading and understanding entire paragraphs.explains a great deal, no?
Time to dump 30-year mortgages.
Did you catch the inflation rate on sugar in the Coke vs. France austerity story?BLS Bernanke is off by a factor of 20.No more 12-packs for $2.50...or is it $3.50..uh I mean $4.00 now?
I'm saving $500 a month while Bernanke is making the elderly earn 0% on their savings and I'm "incredibly stupid?"How exactly is that?
""Oh, blah-blah-blah. At least Juandos keeps his insults short, pithy and funny. "translation:bunny has difficulty reading and understanding entire paragraphs."Alternate translation:bunny enjoys being insulted and doesn't want to spend any more time than necessary getting right to them in the comments.
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Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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