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The lag effect of monetary policy changes will surprise the Fed as the fiscal “pig” of stimulus begins to exit the economic “python.” ...
You’ve got to go back a few generations to locate the origins of the phrase “the pig through the python,” but it comes to mind as we see economic machinations dampen our near-term rally on ...
Zelman closely watches the problem loans (the pig) that need to be moved through the long foreclosure and REO process (the python), so that the houses can be put out onto the market and absorbed.
There may be a shift in Federal Reserve policy concerning its dual mandate of maintaining full employment while keeping a lid on inflation.
Thousands of vote-by-mail ballots are stacked in the Placer County Elections Office waiting to be processed and then counted, as part of the democratic process.
Those unexpected delinquent borrowers have caused a “pig in a python” situation: a huge, overwhelming disruption in the lending pipeline due to archaic technology and poor customer service.