Sunday, February 28, 2016

U.S. Home Prices Have Exceeded Their 2005 Peak

This is not what a recession looks like. It is not what a "stuck" Fed looks like.

Keynesians and Austrian-lites don't understand the business cycle.


(Chart via Tyler Cowen)


  1. Certainly is a bubble. But given the scale of bailoutnomics and Fed easing this time around, the bubble could continue to grow for another year or so. Disastrous consequences.

  2. Depends on which index you want to use. Case Schiller not quite yet exceeded that peak, but getting there.

  3. I'd like to see this denominated in gold.