The fed was very accommodative, and we started to build a housing bubble which we burst in 2008, and now i think arguably in 2013 we may have created or at least started to create another equity bubble that in some areas, perhaps many some real estate markets, is also turning into a bubble. New york city, toronto, we were talking about this at lunch, other urban centers, especially those attractive to foreign buyers are seeing very rapid increases whereas in more rural areas thats not happening. So how do we, how do we respond to this, and what does this tell us about the future . One of the things thats emerged here is that the financial and real estate markets have in the United States and perhaps elsewhere have developed a kind of uncomfortable codependence with the central bank. That is, if markets, especially lets say equity markets in the last several years, are very resilient in the face of threats. We saw this in recent weeks where all the armwringing, handwringing and talk abo
Recommended they not be used . I read reports of that, sir. Okay. You were once an rso, correct . Yes, sir. In your distinguished career, do you ever remember recommending that a service not be used . That being hired over your protest or yourar recommendation . Not in my experience, sir. Okay. But you would have at some point recommended somebody or maybe not recommended anybody . Was it your job to look at the performance of these people tht you were w aware of . When when we have barredded contracts. When we find the contractor is not performing we have variety of ways to deduct money and ultimately find theyre not performing. If theyre found to be lacking and not performing contract they can be terminated. They can be barred if that goes that far. You mentioned. February 17th, martyrs brigade i believe what it was called. We were told that was the host company security. Is that true or not . I, i would hesitate to call that host Country Security, sir. At best it probably had sop co
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After eight days of meetings between GOP leadership from both chambers, the summit concluded Wednesday with a handshake agreement on the FY 2025 state budget.
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