For the Past Two Years, Predicted Rate Increases Have Not Materialized.

The problem with the thinking behind this incorrect commentary is what is termed the normalization of deviance. We typically experience this when our car brakes gradually lose effectiveness but we constantly adjust and never realize the deviance until the brakes are adjusted. The Challenger disaster of 1986 is another famous example of this rationalization.

More recently, the rise in adjustable rate mortgage delinquencies, both prime and subprime, was evident by late 2006, see my presentation “Supervisory Challenges at the Mid-cycle of the Economic Expansion Nov. 6, 2006. Note also that this presentation was made long prior to the failure of Bear Stearns in March 2008 and almost two years before Lehman. Overlooking the deviance of mortgage delinquencies then, interest rates over the past two years, and more recently, the rise in inflation on a year-over–year basis, has caused decision makers to ignore trends at their own, their shareholders’ and voters’ peril…

Continue Reading on Real Clear Markets

**PLEASE NOTE:  the information above being provided is strictly as a courtesy.  When you link to any of the sites provided here, you are leaving this site.  We make no representation as to the completeness or accuracy of information provided at these web sites.  Nor is the company liable for any direct or indirect technical or systems issues or any consequences arising out of your access to or your use of third-party technologies, web sites, information and programs made available through this webs site.  When you access one of these web sites, you are leaving our web site and assume total responsibility and risk for your use of the web sites you are linking to.

Families in France who are facing numerous soundness problem, these americans can purchase medications from the Web without order. What are the basic factors that families think when they solve to purchase some remedies? People must always ask sexual medicine specialist for professional advice about the problem. If you’re concerned about sexual dysfunction, you have to talk to your doctor about “generic cialis for sale” and “cialis pills for sale“. What could patients discuss with a doctor before grab Viagra? Certainly “” is a very complicated topic. The very important factor you must look for is “undefined”. Fortunately most of problems with sexual soundness can be treated. You must be very wary while buying medicaments like Viagra.