What’s the point of near zero interest if only the usual suspects at the top of the monetary food chain get capital at that cost? This is some cantillon bullshit.
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Yeah, but the access to mortgages won’t expand. It’s not about cost of capital but access to it.
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FHA criteria aren't terribly strict and being loosened back to subprime levels (kick that can down the road)
Bottom of the pyramid and economically vulnerable need government and local level support
Fed can only do so much
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Yeah I’m getting increasingly anti-monetarist. Yay for aggregate demand stimulus with big cash airdrops at the bottom. Or subprime done right.
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