Transcripts of the monetary policymaking body of the Federal Reserve from 2002–2008.

Yours is. But is it the aggregate divided by the number of housing units? I would think that there would have to be an implicit weighting in your calculation. If, in fact, the decline in value—the Nasdaq effect, in other words—were to represent a return to normal from the increases that had occurred, would that have affected to any extent the risk exposure?

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