The following chart shows the quarterly average of the purchase only house price index adjusted by the average hourly earnings of private production and nonsupervisory employees.
Click to enlarge.
The next chart shows the quarterly change.
Click to enlarge.
Source Data:
St. Louis Fed: Custom Chart #1
St. Louis Fed: Custom Chart #2
November 22nd COVID Update: COVID in Wastewater Continues to Decline
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[image: Mortgage Rates]Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
For deaths, I'm currently using 4 weeks ago for ...
5 hours ago
10 comments:
I'm sure that there are millions and million of underwater homeowers that are eternally grateful Bernanke prevented a 2% cpi deflation!
A 40% drop in leveraged home prices isn't a problem. But a 2% deflation in cpi would have been devastating.
Making sure "it" happens!
Moron!
mab,
A 40% drop in leveraged home prices isn't a problem. But a 2% deflation in cpi would have been devastating.
Reflation for the win!
Trickle down [into food] economics!
It's only a matter of time until oil inflation "seeps" into wages!
Go long vehicle miles. The road less traveled no more!
mab,
Go long vehicle miles.
Bartender: Why the long face? High grain prices?
Horse: Yeah. Horses gettin' shorted. Sigh.
As long as te banks aren't the homeowners the Fed doesn't care. As long as banks are homeowners it is te only thing the Fed cares about.
Rising home prices were the locomotive that pulled the entire train, 2004-2007.
Well, rising home debtorship at least.
Literally no one gets this.
http://research.stlouisfed.org/fred2/graph/?g=su1
$5T of go-juice injected into the middle quintiles, 2002-2007. $1T per year. ~$20,000 per household.
But in the discussion of the 2008 fed meetings, no mention what-so-ever of this underlying flow that was failing.
Hopefully this is just a collective Sgt Schultz act, cuz if the PTB are really this clueless, man we're f-ed going forward.
Well, we are anyway I guess.
Rob Dawg,
Surely the central banks don't have a banking bias! That's just crazy talk! ;)
http://research.stlouisfed.org/fred2/graph/?g=su2
Shows the new locomotive they hooked up after the last Casey Serins were found.
Troy,
Hopefully this is just a collective Sgt Schultz act, cuz if the PTB are really this clueless, man we're f-ed going forward.
Lend Over -> Bend Over
http://research.stlouisfed.org/fred2/graph/?g=su3
So if the 1980s was the first act, 2000s, the 2nd, 2020s are going to be the third.
Tokyo 2020 gives me a pretty good target for my life path.
Life there was pretty good in the 90s for me I guess. Expensive as hell, but the weird thing is that CPI has changed things a lot:
http://research.stlouisfed.org/fred2/graph/?g=su4
Go us.
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