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Welcome to the era of the new normal.
Source Data:
St. Louis Fed: Custom Chart
Part 1: Current State of the Housing Market; Overview for mid-November 2024
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Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State
of the Housing Market; Overview for mid-November 2024
A brief excerpt:
This ...
27 minutes ago
2 comments:
Welcome to the post "irrational exuberance" that never really was but for Greenspan's continual propping up of favored assets with lower interest rates and lower margin requirements; and convincing delusional Americans that the road to riches was more credit and lower wages. Genius.
dd,
September 18, 2007
Suze Orman vs. Warren Buffett
Fabulous economy. Best that we've had in forever, almost. - Suze Orman, April 2000
If we can sustain this climb, then the economy of the 2010s will be the best we've had in forever too!
"Come on! Baby needs a new pair of shoes!!!"
Gallows humor.
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