My Photo
Note: Jeff does not accept guest blog posts on A Dash of Insight.

For inquiries regarding advertising and republication, contact

Follow Jeff on Twitter!

Enter your email address:

Delivered by FeedBurner


  • Seeking Alpha
    Seeking Alpha Certified
  • AllTopSites
    Alltop, all the top stories
  • iStockAnalyst
Talk Markets
Forexpros Contributor
Copyright 2005-2014
All Rights Reserved

« Weighing the Week Ahead: Focus on Housing | Main | ETF Spotlight: The Controversy over Retail »

September 22, 2010


Mark T

The UK should do the same. The problem we have is that all mortgage debt is effectively floating rate such that any change in base rates has an immediate knock on to consumer disposable income. In effect monetary policy acts like fiscal policy. Banks love it as consumers take all the volatility risk, but it is the underlying cause of boom bust in the economy. No co-incidence that Ireland, SPain etc also have floating rates


We need none of this. Canada has none of this, including, no Fannie, Freddie, Ginnie, VA, FHLB, etc.
Canada has higher home ownership than the USA has.

The other country that had a major housing meltdown was Great Britain. They also have similar housing agencies, regulations, etc.


Just have to say, Jeff, that I can always count on you to have an original point of view that I've not read anywhere else. They are typically much more interesting (and dare I say constructive) than anything else I read. The idea about re-launching a clean mortgage security market would seem to offer the liquidity the real estate market needs to generate more loans; would ultimately take the government back out of the equation, except for in an oversight capacity; and would quench the thirst for yield that exists out there. I hope your thought finds legs enough to at least be considered.

From one of your regular readers who, admittedly, doesn't click through to the references very often.

The comments to this entry are closed.