Housing market may stagnate a bit

Housing markets are affected by general long-term movement of interest rates so discussion about monetary policy shocks may be a little bit tricky in context of housing markets and so preferably we should separate those two discussions – says Karin Kinnerud, BI Norwegian Business School.

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The market is ruled by narratives

Category: Financial markets
The markets are efficient over the long term, and because of that the stock market can serve as a barometer of the situation in the economy – provided that it accurately reflects its structure. However, sometimes the narratives shaping the prices of assets on the financial markets are false, says Wojciech Stępień, an economist at BNP Paribas.
The market is ruled by narratives