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

The BLS says the CPI is up only 1.4% from a year ago.  However, the CS-CPI has been running between 2% and 3% for the past three years and most of the past seven years. By this measure, the Fed has already achieved its goal.  Yet, the Fed is holding rates near zero and has pledged to remain that way. We can calculate " Real Interest Rates Thanks to the Fed slashing interest rates to near-zero, real interest rates are -3.45% as measured by CS-CPI but "only" -1.31% as measured by the CPI. Thir...
Jerome Powell Brian Mcauley Congress About Leverage Times Energy Weight Case Shiller National Home Price Index Case Shiller Home Price

ESR | February 8, 2021 | The Third Great Awakening

web posted February 8, 2021 As we stumble into President Biden’s Dark Winter I want to speak to my fellow believers.  Don’t despair.  Don’t allow being out maneuvered in a partisan political process to crush your spirit.  Our God, the God of all creation, the God of Angel Armies has spoken to us and His Word shall forever be true.  Weeping may endure for an evening but joy comes in the morning.  When the enemy comes in like a flood, the Spirit of the Lord shall lift up ...
United States United Kingdom Samuel Davies Statesa Christian George Whitefield Gilbert Tennent

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