1602: Changing RTV Ratios in 2021, Pandemic Pushes Nationalization, Charles Goodhart & Manoj Pradhan

Have Fannie Mae and Freddie Mac adjusted the loan limits because they are adapting to the market? Jason Hartman speaks on the change in loan limits and the changes in purchase volume. As well, here’s a quick update on the US jobs market broken down. 

Charles Goodhart and Manoj Pradhan return for part two in discussing interest rates with Japan as the main subject. Also, they discuss the nationalization of countries across the globe due to the necessity of self-reliance. Finally, Charles Goodhart shares Goodhart’s Law.

Books: The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival

Black Friday Deal: pandemicinvesting.com/blackfriday

Key Takeaways:

[1:45] Most counties will see a 7.5% increase in the loan limit. 

[4:45] The Mortgage Bankers Association (MBA) offered a prediction, along with their revised estimates, what will happen in terms of purchase volume.

[7:35] Will next year be a time when it’s harder to get a good rent-to-value ratio?

[10:00] People in the mortgage business are making money! 

[12:00] How’s the US job market doing?

Charles Goodhart and Manoj Pradhan

[17:45] The way Japan has been treated has been symptomatic of many of the analysis problems that we see in the global economy. 

[20:45] Manoj comments on what allowed Japan’s debt to get so high.

[22:25] One result of the pandemic was that every country becomes more national and self-reliant. 

[24:45] Are we moving into an era of stagflation?

[25:15] What kind of inflation is coming? US or Global? And how much?

[30:00] Goodhart’s Law

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