RE:RE:RE:Will the reverse repo market replenish the TGA account? I heard Powell say that bank reserves are quite full now and he doesn't expect lending resources to become scarce. ... I think there is going to be pain on the rental side though - Powell was talking about the need for rent to remain low but how does that happen when interest rates are much higher than expected? Maybe large rental corporations were strategic enough to resign mortgages during COVID but I know several less savvy landlords who have rental mortgages due for renewal this year. Any landlord renewing their mortgage this yewlar will either need to:
1) raise rent significantly (like $300-$500 per month)
2) accept less return on investment
3) sell the property