Anthony B. Sanders

Has The Fed’s Policies Helped Homeownership in the USA? Homeowner Occupancy Continues To Fall

Janet Yellen and The Federal Reserve (sounds like Linda Ronstadt and the Stone Canyon Band) have been doing zero interest rate policies (ZIRP) since 2008. While their cheap money strategy has certainly helped the stock market, it has been less than successful in the housing market. In fact, since Q2 2008, the number of owner-occupied […]

Has The Fed’s Policies Helped Homeownership in the USA? Homeowner Occupancy Continues To Fall

Janet Yellen and The Federal Reserve (sounds like Linda Ronstadt and the Stone Canyon Band) have been doing zero interest rate policies (ZIRP) since 2008. While their cheap money strategy has certainly helped the stock market, it has been less than successful in the housing market. In fact, since Q2 2008, the number of owner-occupied […]

Obama Proposes Limiting Itemized Tax Deductions (Mortgage Interest) To 28 Percent Of Income

As part of his $4 trillion Federal budget, President Obama is asking for a limitation of itemized deductions for “the wealthy.” This would include mortgage interest deductions. He wants to limit itemized deductions to to 28 percent of income. Supposedly, this limitation of deductions would raise $640 billion over 10 years. Of course, this would […]

The New Dust Bowl: US Treasury Liquidity Is Drying Up (Fed Dominates Treasury and MBS Market Purchases)

Arthur Cutten from Jesse’s Cafe Americain blog alerted me to this Bloomberg story: “The Treasury Market’s Legendary Liquidity Has Been Drying Up.” For decades, the $12.5 trillion market for U.S. government debt was renowned for its “depth,” Wall Street’s way of talking about a market’s ability to handle large trades without big moves in prices. […]