Thursday, May 28, 2015

The State of the Housing Market (And the business cycle)

This is not what the down phase of the business cycle looks like. What some Austrian school leaning economists fail to recognize is  that the Fed creates a boom AND bust cycle. We are in the "Boom' phase, that is the phase where money is pushed in distorted fashion into the capital goods sector, which includes the stock market and real estate.





 -RW

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