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Edwin's avatar

"Inflation not only brings on recession, but effectively IS recession."

Forking Bravo!

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Jim Marlowe's avatar

Are we back to thinking the federal funds rate is directly correlated with long term mortgage rates? I remember reading articles over the last 25 years explaining why that was not the case. They weren't all that clear in any case. But I do tend to believe that the two aren't directly correlated in a "normal" functioning economy. They used to say that mortgage rates were more correlated with long term treasuries.

Also I can't tell but do you believe a rise in mortgage rates and collapse of the housing market is a bad thing?

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