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But, as its report notes, the long period of low global interest rates that lifted house prices and borrowing has also fuelled inflation.
That supply of credit lifted house prices and spurred a boom in residential construction, which filled the gap in demand left by sluggish business investment.As these loans turned bad and losses mounted, it became clear that banks had set aside too little capital to protect themselves against unexpected losses.
It has lifted "House," a hospital drama about a sourpuss diagnostician, to be one of this season's new hit shows.
And as it did last winter, "Idol" lifted "House," which returned from a hiatus to its best ratings ever.
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Photo: In St. Bernard Parish, east of New Orleans, Hurricane Katrina's floodwaters lifted houses off their foundations and set them down even atop cars.
Although there had been warnings of flash floods, the Lockyer Valley was completely unprepared for the "inland tsunami" that tossed cars around like corks and lifted houses off their foundations.
Meanwhile, incentives for first-time buyers lifted housing's contribution and the government's various stimulus and bailout efforts also added to a figure that starts to look awfully lean once you strip out the federal influence.
In the last year, this has helped lift house prices from their lows and prompted a boom in refinancings.
It might even lift house prices.For now, policymakers are too worried about fragile demand to risk tackling the supply side of the economy.
Interest-rate cuts are unlikely to lift house prices, but they may at least arrest the size and pace of price falls.
The money flooding in from willing foreign savers had bid up government-bond prices, lowering interest rates and lifting house prices.
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