gwinner

Suburban Housing Markets Are Unsustainable (Part 2)

> A nice dose of runaway inflation could solve this dilemma. Are you
> up for it?

You'd better be. Once the gravity of the situation became "clear" the Fed charted monetary policy that will result in inflation. I've been of the belief that was the end game all along to re-inflate housing prices "nominally". That will come at a price and there are already educated calls to take the foot off the peddle NOW before it's too late and we overshoot with hyperinflation. The fact that no one really knows where we are economically is partly a result of the aggressive counter measures. We're in uncharted waters everywhere you look.

Thank you for the article. More than any other I've read, it accurately summarizes cultural, economic and political facts regarding the financial crisis.