måndag 26 oktober 2009

The latest bubble warning: Swedish house prices

Svenska Riksbanken idag världens mest aggresiva centralbank (man kan verkligen ställa sig frågan VARFÖR?) uppmärksammas nu även internationellt.

There is mounting evidence that bubbles are forming again everywhere across the globe as easy money makes itself felt in asset prices. The latest evidence comes from Sweden where Europe’s lowest home loan rates have pushed up the price of residential property.

At issue is the extremely loose monetary policy in Sweden that is an outgrowth of both recession in Sweden and a massive exposure by Swedish banks to the Baltics which are presently in depression. Sweden’s central bank, the Riksbank, has cut interest rates to near zero and is charging banks interest to keep reserves on deposit. Meanwhile, the bank has also embarked on a policy of quantitative easing in order to get credit flowing again.

Artikel författarens konklution - I see this ending in a very bad way.

Man ställer sig frågan - vad är det eg Svenska Riksbanken håller på med?

Artikeln i sin helhet hittar ni här.

http://www.creditwritedowns.com/2009/10/the-latest-bubble-warning-sweden-house-prices.html

Central banks may need more power for financial stability
http://intheendwerealldebt.blogspot.com/2009/05/central-banks-may-need-more-power-for.html

Läs nedansående inlägg och inse att Sveriges Riksbank börjar alltmer utgöra ett lysande undantag i världen. Sveriges Riksbank tycker att rätt väg att gå för att på något sätt stäva det elände de redan ställt till med är att straffa fastighetsägare genom att höja fastighetsskatten!!

Central Banks Hitting Assets Question Greenspan View (Update1)
Oct. 26 (Bloomberg) -- Central bankers from Washington to Oslo are taking greater account of accelerating asset prices to avoid the policy mistakes that inflated two speculative bubbles in a decade and led to the worst financial crisis since the Great Depression.

A month after warning that property prices are rising “probably excessively,” Norges Bank Governor Svein Gjedrem is set to increase interest rates on Oct. 28. Reserve Bank of Australia Governor Glenn Stevens cited costlier real estate as a reason for raising rates three weeks ago.

http://www.bloomberg.com/apps/news?pid=20601110&sid=aPcq.N5c5b6c

The Mess That Greenspan Made
http://themessthatgreenspanmade.blogspot.com/

Inga kommentarer: