During the pandemic, the Fed expanded the M2 money supply by 40%. Naturally, house prices increased by 40% – which is why we have an “affordability crisis”
Until the sheeple recognize the root cause of inflation, the Fed has free rein to go on debasing the currency into perpetuity.
If that dude has been working for 50 years, he probably has a house and stock investments that went to the moon. Those are the kinds of people that saw the most benefits from the situation.
lqIpI on
Don’t forget in February 2021, we reconciled a $2T stimulus (9% of GDP). Then 16 months later we had 9% inflation
Funny how obvious these numbers are making it
wrongshapeLA on
Corporations have the ability to inflate through credit creation. So… it isn’t just the FED’s fault. Corporations should take up a huge portion of the blame.
lateavatar on
I don’t remember house prices being particularly affordable before that.
unkorrupted on
PPP was basically giving every business owner a free downpayment to bid up property.
The existence of new money is impossible to avoid. The question is always about distribution.
Pure_Bee2281 on
I mean, this graphic assumes you were holding cash. . .but sure. If you are an idiot this happened to you.
dkinmn on
This is embarrassing stuff.
thinkB4WeSpeak on
Imagine them creating a system where your retirement boosts the stock market but they make it so you’re hardly surviving so you can’t put much into that retirement (for the majority of people).
roarjah on
It’s not the feds fault. The White House is supposed to look out for the little guy. I think that did a fairly good job and it’s not really their responsibility to keep asset prices down for people. I think some local governments did a good job keeping housing affordable while others didn’t
10 Comments
If that dude has been working for 50 years, he probably has a house and stock investments that went to the moon. Those are the kinds of people that saw the most benefits from the situation.
Don’t forget in February 2021, we reconciled a $2T stimulus (9% of GDP). Then 16 months later we had 9% inflation
Funny how obvious these numbers are making it
Corporations have the ability to inflate through credit creation. So… it isn’t just the FED’s fault. Corporations should take up a huge portion of the blame.
I don’t remember house prices being particularly affordable before that.
PPP was basically giving every business owner a free downpayment to bid up property.
The existence of new money is impossible to avoid. The question is always about distribution.
I mean, this graphic assumes you were holding cash. . .but sure. If you are an idiot this happened to you.
This is embarrassing stuff.
Imagine them creating a system where your retirement boosts the stock market but they make it so you’re hardly surviving so you can’t put much into that retirement (for the majority of people).
It’s not the feds fault. The White House is supposed to look out for the little guy. I think that did a fairly good job and it’s not really their responsibility to keep asset prices down for people. I think some local governments did a good job keeping housing affordable while others didn’t
Sad but true