It also won’t even work, in a more direct, mechanical sense.
The Fed lost control of the actual interest rate months ago now.
Because we also have an ongoing credit/liquidity crisis, because of how much fraud has been going on Wall Street, and we’re also having a currency crisis, because the Japanese carry trade is is unwinding, and foreign nations are buying less of our debt, but our need to issue it is skyrocketing.
So… debt crisis, liquidity crisis, currency crisis… all at the same time.
(By the way the government is gonna shut down again, Jan 30th, unless they figure out another emergency budget. So… get ready for that…)
Those things forced, and continue to force, actual rates outside of the channel the Fed sets for rates, they force rates higher.
Oh and because the interest rate the Fed sets, or tries to, doesn’t actually just, directly change mortgage rates.
Mortgage rates are set by banks, who look at … the above bond market and rates which I just described, along with many other things.
Oh and finally… mortgage rates also don’t directly correlate very well to … actual home prices.
They correspond to regular payments on a mortgage. Not… the amount you’re taking out a mortgage on.
See this is all a bit more complicated than Dementia Don can comprehend.
He just wants a big mac, a participation trophy, and people telling him he’s a good boy.
… he bankrupted multiple casinos.
What is happening now is just, duh, obviously, what would happen if you made this idiot President.
It also won’t even work, in a more direct, mechanical sense.
The Fed lost control of the actual interest rate months ago now.
Because we also have an ongoing credit/liquidity crisis, because of how much fraud has been going on Wall Street, and we’re also having a currency crisis, because the Japanese carry trade is is unwinding, and foreign nations are buying less of our debt, but our need to issue it is skyrocketing.
So… debt crisis, liquidity crisis, currency crisis… all at the same time.
(By the way the government is gonna shut down again, Jan 30th, unless they figure out another emergency budget. So… get ready for that…)
Those things forced, and continue to force, actual rates outside of the channel the Fed sets for rates, they force rates higher.
Oh and because the interest rate the Fed sets, or tries to, doesn’t actually just, directly change mortgage rates.
Mortgage rates are set by banks, who look at … the above bond market and rates which I just described, along with many other things.
Oh and finally… mortgage rates also don’t directly correlate very well to … actual home prices.
They correspond to regular payments on a mortgage. Not… the amount you’re taking out a mortgage on.
See this is all a bit more complicated than Dementia Don can comprehend.
He just wants a big mac, a participation trophy, and people telling him he’s a good boy.
… he bankrupted multiple casinos.
What is happening now is just, duh, obviously, what would happen if you made this idiot President.
Again.