The New CS Board

[jumanji0881]

but they worry about people taking on too much debt to buy houses -

My Comment : This will not end well. Just how will the Fed try to manage the next financial crisis ? They have to keep the bubble expanding or it will burst. It will eventually burst and it will be one for the record books. We've got $Trillions in monetary stimulus and $Trillions in fiscal stimulus. What could possibly go wrong ?

March 28 – Wall Street Journal (Mike Cherney and Patricia Kowsmann): “As the U.S. housing market booms, a parallel rise in residential real-estate prices across the world from Amsterdam to Auckland is raising fears of possible bubbles and prompting some governments to intervene to prevent their markets from overheating. Policy makers were already worried about high property prices in parts of Europe, Asia and Canada before the pandemic… But now the trillions of dollars of stimulus deployed world-wide to fight the effects of Covid-19… are turbocharging markets further. That is putting policy makers in a bind. Many want to keep interest rates low to sustain the post-pandemic recovery, but they worry about people taking on too much debt to buy houses…”