"Home prices climbed more than forecast in the 12 months through April, rising by the most in more than seven years and showing further strength in the U.S. housing market. "Seven years ago was 2006. Right after that the housing bubble burst and dragged our entire economy in the gutter. Get ready for the replay, but worse. Thanks, Fed.
The illusion of economic growth created by Japanese money printing has rapidly disappeared.
"The latest data confirms that while the yen value of exports has increased, actual trade volume has fallen. "That's a perfect description of the illusion.
No comments:
Post a Comment