Even with interest rates going up, housing markets will remain healthy going into 2006.
More Quotes from Derek Holt:
There's some debate about whether we're at the point where inflation starts to kick in.Derek Holt
Our view is that the U. S. economy was on a solid footing by most indicators going into the shock. If the Fed hints at being comfortable with this argument, then it will be a fairly clear signal that it is sticking to a measured approach to continued monetary tightening.
Derek Holt
Look for renewed debate on whether rising producer prices will be passed through to consumers in the CPI measure of inflation, ... If so, that may well mean that the Federal Reserve isn't quite as near to the end of its tightening cycle as previously thought.
Derek Holt
Adding the Games may heat up the economy to the point where it runs up against shortages in materials or labor. The effect may be a higher cost of living across the province, cost over-runs on Games projects and intensifying price and wage pressures in coming years.
Derek Holt
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