tag:blogger.com,1999:blog-1110014885778996459.post2661205878572007516..comments2024-03-28T04:16:11.729-07:00Comments on Idiosyncratic Whisk: Housing: Part 311 - The Premise Determines the ConclusionKevin Erdmannhttp://www.blogger.com/profile/07431566729667544886noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1110014885778996459.post-27011866386037437102018-07-21T07:59:17.192-07:002018-07-21T07:59:17.192-07:00It's always possible that house prices may dro...It's always possible that house prices may drop but with full employment keeping hopes high we're seeing prices continue to rise.Jennyhttps://cedarparkhomesales.com/noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-21404803454739756692018-07-17T17:21:51.413-07:002018-07-17T17:21:51.413-07:00Agreed.
There was something else going on too. E...Agreed.<br /><br /> There was something else going on too. Every FOMC meeting 2003-9 had hundreds and hundreds of references to the word "inflation." There was an entire branch of macroeconomics profession devoted to daily sermons on the perils of inflation. Inflation became a peevish fixation for much of the profession-- and indeed, even today, there are those who contend that a central bank's only obligation is to keep the price level absolutely flat (as measured no less).<br /><br /> That was a toxic brew in 2007.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com