Remove 2003 Remove Balance Sheet Remove Productivity Remove Real Estate
article thumbnail

Ivory Tower Academics, Inflation, and Kindness

MishTalk

Real yields might not rise, but it’s unlikely they would fall. And long-term rates are what matter for capital investment, which is key to increasing the economy’s growth potential and raising productivity.". From 2003-2006 the Fed ignored major bubbles in home prices, then commercial real estate.