2009 was the high since 1975. 2015 was the low since 1975. Each plunge in between corresponds, with an 18 month lag, to a round of QE+twist. Results have just held steady since the end of QE3. But this just tells me barring another round of QE, we are at the end of the real estate boom phase and this chart has only only direction to go now: up.
2009 was the high since 1975. 2015 was the low since 1975. Each plunge in between corresponds, with an 18 month lag, to a round of QE+twist. Results have just held steady since the end of QE3. But this just tells me barring another round of QE, we are at the end of the real estate boom phase and this chart has only only direction to go now: up.
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