N.o.d.s the future

Uh prolonged periods of low rates are always bad from a historical perspective: it leaves your central bank without maneuvering room for the next recession and can introduce severe market distortions by the flood of cheap money and blow more bubbles or booms. Like a housing or stock boom or bubble for instance. We’ve had very low rates (ZIRP since 2009) for a long time and historically speaking are about due for another recession (they tend to happen every 10 yr).

 · The California housing market ended 2015 just like the stock market. Losing momentum and looking overpriced. In California a runoff of tech wealth has ...