Federal Reserve Vice Chairman Stanley Fischer said that he’s worried memories might be fading about the pivotal role that housing played in the 2008 financial crisis. "House prices are now high and rising in several countries, perhaps as a result of extended period of low interest rates," Fischer said in a speech to a conference in Amsterdam. He said the government’s role in housing is increasing with Fannie Mae, Freddie Mac, and the Federal House Administration "now the dominant providers of mortgage financing" and "there is more to be done" to strengthen the resilience of the housing finance systems.
Boeing has raised its 20-year industry forecast for plane deliveries to 41,030 jetliners, with their value at list prices topping $6 trillion for the first time. Boeing, the world’s No. 1 plane maker, said passenger traffic is poised to grow 4.7% over the next two decades. That outlook is more bullish than one that European rival Airbus gave earlier this month. It projected 4.4% growth. Airbus and Boeing underscored the continued strength in demand , principally for large single-aisle planes. Boing announced deals for 265 aircraft on Tuesday, the second day of the Paris Air Show.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
