St.Paul, MN.

Tag: Economics

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Rising Home Prices

February 26, 2021

In New Zealand, monetary policy will now take into account housing prices, due to their rapidly rising prices. Something the Federal Reserve refuses to do. Rising home prices are not included in the Consumer Price Index calculation, which instead uses a system of “imputed rents” to figure the cost of housing and accounts for almost…
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LIBOR

February 23, 2021

LIBOR is the London Interbank Offered Rate – used for many decades in a wide variety of financial products like small business loans and adjustable rate mortgages. LIBOR is being phased-out in favor of the Secured Overnight Financing Rate (SOFR).Why is it being phased-out?Mostly because of it’s volatility and lack of transparency. As a result,…
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