tag:blogger.com,1999:blog-4252016424756731977.post4166671143007315082..comments2023-09-26T07:45:26.448-07:00Comments on Be Your Own Economist ®: Moralizing at TreasuryBe Your Own Economist (R)http://www.blogger.com/profile/10871255755167172509noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4252016424756731977.post-31928532717277235772008-07-11T12:42:00.000-07:002008-07-11T12:42:00.000-07:00Mike the other quibble I have with this is the not...Mike the other quibble I have with this is the notion of protecting home values. Given a once in multiple generation inflation in asset values (houses), however it was brought about, we either take down those values now...or live with a non-clearing market for a much more extended period...and take them down later. In this process both lenders and borrowers are going to get trimmed...as they should be. What we want as a matter of policy is to make this an orderly process with minimal disruptions to the larger economy. But pay me now or pay me later...you can't save these houses at these prices. I believe in standard micro-theory that's known as when S >> D ? :)Unknownhttps://www.blogger.com/profile/07898348310819841317noreply@blogger.comtag:blogger.com,1999:blog-4252016424756731977.post-57426395947044060972008-07-11T11:31:00.000-07:002008-07-11T11:31:00.000-07:00The rise in interest rates would seriously affect ...The rise in interest rates would seriously affect home-buyers when the rate goes up to 10 or 12 per cent. It projects the inflation rate this year will be about 8 per cent. He predicts a middle-way increase in the policy rate. You can get more information about <A HREF="http://www.bettervaluegroup.co.uk" REL="nofollow">home buyers</A> which I browsed on internet can fetch you help.homebuyers121https://www.blogger.com/profile/00305826862169844561noreply@blogger.com