Archive for August 25th, 2006

Did the Fed Really Cause the US Housing Boom?

As the graph below shows, there has been a boom in the sale of new, single-family homes in the US since the late 1990s. In recent weeks, common wisdom bandied about on financial talk shows is that this housing boom was somehow caused by Federal Reserve Chairman Greenspan’s reduction in short-term interest rates during the years […]

copyright | privacy | home

Powered by WordPress | Entries (RSS) | Comments (RSS)