Do you believe we’ve “crossed the Rubicon” where that means policymakers are increasingly inclined to view the world through the lens of Modern Monetary Theory even if they insist they’re doing no such thing? If the answer is “yes,” you’ll be forgiven. The superfluous middleman notwithstanding, central banks are engaged in debt monetization. That’s been true for a long time, of course. What’s new is that the “match” between government borrowing and central bank bond-buying became so glaring following the pandemic that the charade was difficult to obscure, even in countries where the public isn’t exactly famous for its capacity to grasp nuance (e.g., the US). The figure (below) is about as straightforward as it can be.
Throughout 2020, mortgage rates dropped to all-time lows on more than a dozen occasions.
Mortgage rates have closed out 2020 around the lowest levels on record. But those looking to lock-in this cheap financing shouldn’t wait on the sidelines for too long.
Meanwhile, the 15-year fixed-rate mortgage dropped two basis points to an average of 2.17%, representing a record low for that mortgage product. The 5-year Treasury-indexed hybrid adjustable-rate mortgage fell by eight basis points to 2.71%.
“With 2020 wrapping up, we can look back on a year where low mortgage rates served as a potent fuel, driving activity and offering buyers access to a home,” said George Ratiu, senior economist at Realtor.com.
Facebook’s Libra cryptocurrency is finally nearing its launch date, which could be as soon as January 2021. According to Reuters, Facebook and the …Long-Awaited Launch of Facebook’s Libra Incoming After Major Revisions
Brazil opens record jobs in October – Brazil’s economy has added a record 394,989 jobs in October. It’s the fourth month in a row of job gains (since…Brazil Adds Record Jobs, Sweden Keeps Interest at 0%, and Bitcoin Plunges
Jibrel Network has been very active in the blockchain space with a myriad of initiatives and projects, especially in the MENA region, positioning itself as the region’s leader in blockchain for financial assets.
— Read on www.unlock-bc.com/news/2018-07-18/jibrel-network-announcing-major-projects-in-the-middle-east