There was little surprise in the Friday Housing report hitting record highs. See, when a country is locked in a blow off topping process, inflation’s effects are very predictable.
It’s also useful to remind that when inflation makes it appear that prices are going up (which they are) it also means the purchasing power of your money is cratering (which is also true).
There are implications for the U.S. high consumption lifestyle as it rolls forward.
But the fact of weekend headlines like “Housing Prices Hit Record” remind us that we are still on a quest for a single Holy Number of the Future. An overall economy’s terminal stochastic function.
We will follow a bit of logic on that as a kickoff today. Before getting into a few meaningful headlines and the ChartPack to wrap up the week.
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