Keep On Printing! Home Prices Continue To Soar, Case-Shiller National Index UP 6.4% YoY In February

#bubble, #inflation, Agency MBS, Bank of England, Bank of Japan, Banking, CMBS, CRE, Credit, Currency, ECB, Economy, fannie mae, Fed, Freddie Mac, GDP, Gold, GSE, Housing, Inflation, Mortgage, New Home Sales, Powell, REITs, SPX, Stocks, Treasuries, Treasury 1 Minute

Janet Yellen, world class propagandist (US version of Baghdad Bob) and US Treasury Secretary under Biden, was so wrong about inflation. Instead of being “transitory”, turns out to be seemingly permanent.

Today’s Case-Shiller home price report was released for February. The National Home Price index was up 6.4% year-over-year. But look at the explosion of M2 Money and home prices. Hmm.

If we look at home prices and M2 Money on a year-over-year (YoY) basis, we can see the surge in money printing with COVID and the corresponding surge in home prices. As M2 Money growth slowed, the Case-Shiller National HPI slowed as well … until The Fed slowed the declined in M2 Money growth resulting in rising home price growth again.

So, The Fed will likely have to keep on printing. You can see Janet Yellen dancing to the thought of printing more money.

Published by confoundedinterest17

Published