Bermuda housing market forces 'out of control', claims economist - 2004-02-18
Government should follow Hong Kong's example and get into the mortgage loan business to assist desperate would-be homeowners, said economist and Bermuda College lecturer Craig Simmons, who also warns that families already struggling with large mortgages here face even bleaker times when the US raises interest rates.

Mr. Simmons will give a lecture entitled the Economics of Housing: Market Failure and Government Inaction next Monday night.
Read the full story at Royal Gazette

Greenspan to Congress: Future looks bright - 2004-02-18
Alan Greenspan provided his twice-yearly economic testimony before Congress Feb. 11 and 12. After shrugging off the Feb. 6 employment report, which indicates job growth continues to be short of expectations.

The yield on 10-year Treasury securities, which moves inversely to price, soared from 3.13 percent to 4.61 percent between June 13 and September 2. As a result, mortgage rates skyrocketed from a 46-year low of 5.28 percent to 6.47 percent in the same span of time.
Read the full story at Bankrate.com