Heterodox
A Fed nightmare? Housing permits and starts confirm improvement from bottom, multi-unit construction sets new record high – by New Deal democrat Housing construction is perhaps the single most important method by which the Fed seeks to translate its interest rate policy into effects on the economy. To be blunt, the Fed’s sledgehammer attempt via one of the most aggressive rate hike campaigns in its history appears to be on the verge of...
Read More »A Fed nightmare? Housing permits and starts confirm improvement from bottom, multi-unit construction sets new record high
