Most economists and policymakers are positively giddy about the current state of the economy. But is their bubble about to burst?
Adam M. Zaretsky
It has been said that, “The value of anything is not what it cost to produce, but what you can get for it at an auction.” The U.S. government’s proving just that with its auctioning off of telecommunication licenses.
With deposits falling and loan demand rising, what’s a bank to do? Many banks are selling securities to fund loans, others are turning to their local Federal Home Loan Banks.