Wednesday, May 14, 2014
Our new normal
I'm surprised nobody posted this earlier. However some here may feel about it, HPC seems pretty unlikely when unemployment has fallen to a five year record low. I also listened to Carney on the news earlier today (http://www.telegraph.co.uk/finance/personalfinance/interest-rates/10830376/Bank-interest-rates-wont-be-used-to-cool-housing-market.html) Mark Carney indicates Bank won't use interest rates to cool housing market, as he says economy is 'heading back to normal.' Does anybody know what normal is these days?