– by New Deal democrat For the last number of months, I have been putting front and center that housing prices have ceased being an engine of inflation. In fact, changes in repeat home sales prices as measured by both the Case-Shiller National Index and the FHFA Purchase Only Index are at levels that with only […]

A soft landing (disinflation without a recession) looks possible.  Also the remaining threat is the FED’s sticking with high interest rates, even though inflation is at a very reasonable level (I personally publicly argued that the inflation target should be 4%) and will almost certainly decline even if unemployment remains low. The change can be […]