As house prices continue to soar, many observers are becoming increasingly worried and are imploring policy makers to step in to cool prices. Here are my thoughts.
Last week's post explained that the bond market and the BoC are currently in a fight about future inflation. In this week's post the US Fed joins the fray.
Every forecast concedes that the path of the virus will determine the fate of all else, before then assuming that it will be brought to heel. But what if it isn’t?