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

Confounded Interest ^ | 04/30/2024 | Anthony B. Sanders

[Kaiser8408a]

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.

[lurk]

Inflation is more permanent now than it was under Jimmy Carter, due to the number of people and govt departments and national debt lenders standing at the cash window demanding their printed borrowed dollars.

[i_robot73]

If only the Boomers had fought U.S. govt fascism as their parents had abroad. Instead, they’ve economically enslaved our progeny ($210T+ in “unfunded liabilities” ala illegal Ponzi schemes of SS/MediXYZ).

Gonna be fun to watch the politics when the Millennials vote to end the grey-hair gravy train during the great die-off.

[Reily]

She’s a proponent of MMT - Modern Monetary Theory. Which basically says print as much as you want. The government says it represents “wealth” backing that money so there is! What the government says is better then gold or any commodity.

[dfwgator]

“Spend all you want, we’ll make more!”

[If You Want It Fixed - Fix It]

There is only the present, (click)
There is only the present, (click)
There is only the present, (click)

Come on Toto...

[caver]

GFY