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.

-RW

(Chart via Tyler Cowen)

3 comments:

  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.

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  2. Depends on which index you want to use. Case Schiller not quite yet exceeded that peak, but getting there. http://imgur.com/WhbEa9z

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

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