Claudia Sahm in the Financial Times (gated).Sahms argues that the rise of 525bp in the Fed Funds rate in 2 years, while placing the housing market under pressure, is also squeezing prices higher as people who have low, fixed-rate mortgages are unwilling to sell. New buyers face higher mortgage rateshigh home pricesa lack of homes available to purchaseResilience in the rest of the economy is not a sure thing to continue. And credit markets and banks are under strain.Sahm concludes:Its hard to say where the pockets of weakness are now. but the longer rates stay high, the more the Fed risks seriously damaging the economy.--- On Thursday we had the retail sales data from the US for January, ver
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