But it's close
Source http://www.frbsf.org/publications/economics/letter/2009/el2009-33.html
Posted on 02/03/2011 10:10:03 PM PST by Kartographer
World food prices rose to an all-time high in January, according to the UN's Food and Agriculture Organization (FAO).
The FAO's Food Price Index measures the cost of a basket of basic food supplies -- sugar, cereals, dairy, oils and fats and meat -- across the globe.
The index rose by 3.4% in January -- the seventh monthly increase in a row -- to its highest level since records began in 1990.
The cost of sugar, cereals, dairy and oils and fats all went up last month, while meat prices remained steady.
FAO economist Abdolreza Abbassian said high prices were likely to persist in the months to come.
Rising commodities costs are one of the major factors behind a growing wave of civil unrest across the Middle East and North Africa.
(Excerpt) Read more at cnn.com ...
In a world where banks held their notes to maturity and there were no derivatives, then the answer would be 0 to 1%.
Since we are not in that world. I'd venture to say "it matters not" to them.
Soon? Doesn't sound like a very precise prediction. I didn't see anything in the article about anyone decreasing their holdings. Maybe you were reading something else?
That's an interesting claim. If no banks held any mortgages, no banks would be losing money on real estate.
Is that the case?
But it's close
Source http://www.frbsf.org/publications/economics/letter/2009/el2009-33.html
Like this......
According to Federal Reserve flow of funds data, the banking institution share of total mortgage assets declined from a peak of about 75% in the mid-1970s to about 35% in 2008.
I noticed that you folded up like a cheap puptent the other night when it was past your bedtime. **snicker**
Realized how stupid your inflation claim was?
He doesn't seem to understand the implications of a bank holding a HELOC second on an underwater and perhaps non-performing first mortgage held by somebody else.
People try to be patient with the insults, snide imputations and the screaming about "math", but the trolling gets old.
Nice chart on the new loan originations market share, BTW.
Too bad you didn't take his advice...
He doesn't get that said HELOC should be marked to zero?
Maybe you should ask somebody else on this thread what happens to bond values when interest rates rise?
So how did your global, one world order, free trade economy work out for America Todd?
It's really on fire huh?
You feel we need bigger government to fix those problems. You must be thrilled with Obama huh?
Yeah todd....I'm a real big pro government guy...LOL!
I can tell, you graduated with honors from the Tokyo Rose school of propaganda...
As usual, thanks for the laugh, Todd.
You're the one who wants more government interference in trade.
Perhaps if we had less government interference in the housing market as well as in world trade, we could have avoided these issues.
As usual, thanks for the laugh, Todd.
Right back atcha.
I’m reading what the ToddsterpatrioTroll posted about you & your views, and I can tell without even bothering to check that he just made it all up.
Look closely, it's typical of those that are deceitful, to evade questions, and or answer a questions with a question...Instead of an answer...
I am intimately aware of the well worn patterns of those that practice to deceive.
Free Republic class of '98 experience will do that to you. :-)
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