Real Prices and Price-to-Rent Ratio in July

Yesterday, San Francisco Fed President John Williams said : I am starting to see signs of imbalances emerge in the form of high asset prices, especially in real estate, and that trips the alert system . One lesson I have taken from past episodes is that, once the imbalances have grown large, the options to deal with them are limited. I think back to the mid-2000s, when we faced the question of whether the Fed should raise rates and risk pricking the bubble or let things run full steam ahead and deal with the consequences later. What stayed with me were not the relative merits of either case,......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/1KPYvcL
via IFTTT