Some good economic news...

"ImmoralMinority" (araimondo) 12/08/2019 at 18:13 • Filed to: None

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Dr. Zoidberg - RIP Oppo > ImmoralMinority 12/08/2019 at 18:22

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But the historically low mortgage rates are also contributing to skyrocketing home prices that far outpace wages.

SBA Thanks You For All The Fish > ImmoralMinority 12/08/2019 at 18:29

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It is interesting to finally see some metrics hit, numbers that we’ve not achieved for decades. There’s actually some “real wage growth” after many years of stagnation, too.

I have a friend in the UK, an Economics guy from Oxford, who asserts that current interest rates could well be The New Normal— Over a 500 year span, interest rates in stable economies have generally stayed FAR below 5% for extended periods of time . Those of us waiting for a return to what we consider “natural” rates of 7-8 percent could be waiting a long, long time.

HFV has no HFV. But somehow has 2 motorcycles > Dr. Zoidberg - RIP Oppo 12/08/2019 at 18:30

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Make since low rates mean More  people buying, higher demand which leans Ron higher prices.

HFV has no HFV. But somehow has 2 motorcycles > ImmoralMinority 12/08/2019 at 18:32

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Well hey both of my mortgages are way lower than last years Average. 4.1 for our rental duplex, and 4.2 on our home. 

Dr. Zoidberg - RIP Oppo > HFV has no HFV. But somehow has 2 motorcycles 12/08/2019 at 18:33

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There’s a lot of autocorrect going on in there, but I think I probably understood what you meant to say :)

DipodomysDeserti > ImmoralMinority 12/08/2019 at 19:47

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I’ve been informed  by the President of the United States that Bloomberg is a fake news source.

DipodomysDeserti > SBA Thanks You For All The Fish 12/08/2019 at 19:51

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“ Over a 500 year span, interest rates in stable economies have generally stayed FAR below 5% for extended periods of time.”

I’d be interested to see how a “stable economy” from even fifty years ago compares to a modern economy, let alone one from the 1500’s...

Capitalism is only about  400 years old, so that’s a pretty interesting range of measurement.

SBA Thanks You For All The Fish > DipodomysDeserti 12/08/2019 at 21:32

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Oh, he could be wrong. Of course, he’s the one we used to go visit Roman ruins with— and he’d read the ancient Latin scripts to us off the walls. Mark definitely takes the long view of things .

My premise had been that “normal” is 8-9%. His retort is that generally rates have been far lower, for far longer periods, than we recognize. With excess capital parked, and a slowing of rates-of-increases in productivity, he may have a point.

SBA Thanks You For All The Fish > DipodomysDeserti 12/08/2019 at 21:45

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The candidate or the News Service?

Or, both?

DipodomysDeserti > SBA Thanks You For All The Fish 12/09/2019 at 01:35

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Both

https://www.google.com/amp/s/www.latimes.com/politics/story/2019-12-02/bloomberg-news-trump-campaign-ban%3F_amp%3Dtrue

And he might be right this time.

https://apnews.com/e472c615ab37e06f7564661e246f5a38

SBA Thanks You For All The Fish > DipodomysDeserti 12/09/2019 at 01:39

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Whoa....  well-spotted.

DipodomysDeserti > SBA Thanks You For All The Fish 12/09/2019 at 01:56

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I could see analyzing the last 200 years, but anywhere past that and you have economies being managed by empires utilizing slave labor. I’d say those last two factors play a much larger role than interest rates.

Derpwagon > SBA Thanks You For All The Fish 12/09/2019 at 09:48

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Bloomberg has always been scum.