Friday, March 12, 2010

Should, or can, central banks target asset prices?

Click here for a variety of expert opinions.


  1. Bringing forward a belated comment here:

    Anon @ March 10, 2010 12:42 PM said...

    "No asshole, learn to read. My brother didnt sell during the tech boom, he sold in the 1980s when interest rates were soaring and stagflation was all the rage. Oh and if you must know, you are right, my brother doesnt have a job now. Thats because he died of cancer in 2006. Asshole."

    Anon, my condolances on your brother, and let me say, on behalf of this blog, we are sorry.

    You most likely fell victim to our anonymous antagonist - likely the same math challenged guy who once thought montgomery county had only 4 cities, likely the same guy who fabricated stats about the % of buyers using 0% loans, and then when asked for a source, lied and said he cant disclose it because he works for the source (yeah right).

    It is true that this guy is very reading challenged, as your post made very clear that your brother sold back in the 1980s. How he thought it was during the tech boom is beyond me, but that seems to be par for the course for this dude.

    Hopefully he learned from this exchange, but likely not. In the future, if you see a post like this, just know that its him and not representative of the rest of us here. Thanks.

  2. Ugh. Another smelly spammer. A shoe spammer.

    Allow me to add some content. I saw the spring flowers in my front yard yesterday. In a month, Immundria will be a rainbow of colors and the selling/buying season will be running full tilt boogie.

    I checked MLS and there were a dozen new listings in my zipcode.

    My guess is that sales will be brisk and there will be bidding wars for the nicer places. I do not expect prices to run away.