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More on Fisher: He also believes that the federal safety net should only cover the...

  • Thursday, January 17, 5:45 AM ET
    More on Fisher: He also believes that the federal safety net should only cover the commercial-bank unit of a bank's holding company, and not its shadow banking affiliates or the parent company. Meanwhile, Fisher thinks that QE is "having a lesser impact as we go through time." While mortgage "rates are the lowest they have been in a lifetime...they have not come down as quickly as I would like."
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  • "While mortgage 'rates are the lowest they have been in a lifetime...they have not come down as quickly as I would like.'"

    Huh?

    Does he think they should be at 1%? Lend for 30 years at 1%.

    Surely he's not proposing negative mortgage rates?

    Do we really need 12 of these guys to point out the obvious in pious papers?
    17 Jan, 07:18 AM Reply Like
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