Linkage: Why Are Rates Rising

Today’s links below. Not the juxtaposition between renters and luxury buyers.

Also my friend Dick Lepre noted how today’s report of Consumer Confidence from the University of Michigan has interesting comments regarding a significant change in the attitude of consumers—that they’re preferring stable to “killing it”.

Consumers do not anticipate accelerating growth rates but rather a continuation of the slower pace of growth that has characterized this recovery. Low unemployment and low inflation rates have made lower income growth rates more acceptable. Moreover, the Great Recession has caused a fundamental change in assessments of economic risks, with consumers now giving greater preference to economic stability relative to economic growth.

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