I wish Biden would spend more time attempting to negotiate with McCarthy to finish the debt crisis fairly than fire up race hatred like he did at Howard University graduation. C’mon Joe! White “supremacy” just isn’t essentially the most dangerous terrorist threat. I’d actually say that Biden, Yellen and Schumer (throw in Pelosi’s spending splurge as Speaker) are the largest terrorist threat. They’re the 4 horsemen of the US debt apocalypse.
Let’s see how Bidenflation (attributable to staggering Federal misspending) and years of Yellen’s TLTL (too low too long) monetary policy has caused a large dislocation within the housing market.
The February Case-Shiller National home price index less core inflation (CPI less food and energy) year-over-year is declining by -3.5%. This is going on as REAL average weekly earnings growth is at -1.06% YoY and has been negative growth for 25 straigth months.
Have a look at The Fed’s massive overreaction to the unnecessary government shutdowns of economies and schools. It really sent home price growth soaring, then when The Fed starts slowing the monetary stimulus, we get the most important slowdown of REAL home price growth since 2012.
The 4 Horsemen of the US Debt Apocalypse. I’d add Mitch McConnell and Fed Chair Powell, but then would have a whole Cavalry company like George Armstrong Custer had at Little Big Horn.
Post Views: 97