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IPFS News Link • Housing

Fed Hubris: Housing Prices Show The Fed Is Making The Same Inflation Mistake

• Zero Hedge - Tyler Durden

Authored by Mike Shedlock via MishTalk,

The Fed is repeating mistakes it made in the dotcom and housing bubble decades. A series of housing-related charts will explain.

Case-Shiller Home Price Index Levels__________________________________________

Here We Go Again

The Case-Shiller Home Price indexes (a measure of repeat sales of the same house) show that home prices are more extended now than ever before.

Those price levels are from December 2020.

Not Understanding Inflation

On February 10, Jerome Powell gave a speech on Getting Back to a Strong Labor Market