12 09 2018 | by Victor Xing | Capital Markets
10 14 2018 | by Victor Xing | Capital Markets
Roundabout path in the snap-back of long-term bond yields
09 23 2018 | by Victor Xing | Central Banks
Calm before the storm as quantitative tightening looms
05 20 2018 | by Victor Xing | Central Banks
Alternative narrative on the natural rate of interest
01 07 2018 | by Victor Xing | Capital Markets
Flatter yield curve a symptom of ineffective tightening
12 04 2017 | by Victor Xing | Central Banks
Bond market term premium and wolves of Yellowstone
10 17 2017 | by Victor Xing | Capital Markets
How we learned to stop worrying and love the “fake markets”
09 20 2017 | by Victor Xing | Central Banks
QE’s distributional effects a rising political liability
04 18 2017 | by Victor Xing | Capital Markets
Persistent low volatility threatens active fund managers
02 17 2017 | by Victor Xing | Economics
Looming risks through the prism of bifurcated housing market
10 27 2015 | by Victor Xing | Central Banks
What are Janet Yellen’s strengths as the FED Chair?
Janet Yellen’s strength as a FED Chair comes from her reputation as a.
Unlike then FED Chair Greenspan (who is known to take naps when staff economists present their materials), Yellen actively seeks out inputs from Federal Reserve Bank Presidents and members of the Board of Governors before policy meetings, and she is known for her meticulous meeting and speech preparations.
Additionally, Chair Yellen’s FOMC press conference (speaking on behalf of the FOMC) is generally representative of divergent views within the.
Then President Yellen ofalso warned others about the risk of housing bubble in 2005 in
In addition to the uncertainties raised by higher energy prices, there are downside risks to economic growth relating to the housing market. This sector has been a key source of strength in the current expansion, and the concern is that, if house prices fell, the negative impact on household wealth could lead to a pullback in consumer spending. Certainly, analyses do indicate that house prices are abnormally high—that there is a “bubble” element, even accounting for factors that would support high house prices, such as low mortgage interest rates. So a reversal is certainly a possibility.
[rising long term interest rates] might take some of the “oomph” out of the housing market. My bottom line is that while I’m certainly not predicting anything about future house price movements, I think it’s obvious that a substantial cooling off of the housing sector represents a downside risk to the outlook for growth.
Next article10 25 2015 | by Victor Xing | Capital Markets