Entries by Alex J. Pollock

The Second Housing Bubble of the Twenty-First Century Is Over

Estimated Reading Time: 4 minutes

The 21st century, only 23 years old, has already had two giant, international housing bubbles. It makes one doubt that we are getting any smarter with experience. Among the countries involved in the second bubble, both the U.S. and Canada fully participated in the newest rampant inflation of house prices. Prices this time reached levels […]

The Fed’s Tough Year

Estimated Reading Time: 10 minutes

The powerful and prestigious Federal Reserve is having a tough year in 2022 in at least three ways: It has failed with inflation forecasting and performance; It has giant mark-to-market losses in its own investments and looming operating losses; It is under political pressure to do things it should not be doing and that should […]

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