Posted To: MBS CommentaryDear Kansas City Fed, Thank you for hosting another year of the storied Jackson Hole Symposium. I’m not here to vent about the fact that you could easily handle this event in Kansas City instead of in a venue that sort of exemplifies much of what is wrong about money in America. (And no, I’m not a communist. Capitalism is great, but I feel for those that are below the waterline who would feel like they won the lottery if they could live in the lower floor of a Jackson Hole vacation home that’s occupied 2 weeks per year). Neither am I here to talk about whether or not you guys could do anything to push back against decades of fiscal policies and local real estate regulations that have helped drive the bipolarization. Clearly, you can’t. I believe you would if you could. The average…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Michael Ayoub, Author NMLS ID 6631