Home Prices are Now Soaring at “4.5 Times The Fed’s Inflation Target In All US Cities”

As I said in my last post: Once people realize that prices are moving higher in earnest, they will dump cash even faster, pushing prices even higher.

At some point, the people will understand that the Fed has been, is and will continue destroying their society and entire civilization. How long it takes for them to realize this is unknown.

Zerohedge reports:

“The Fed’s most frequent lament is that no matter how many trillions in bonds (and stocks and ETFs) it buys or how much liquidity it firehoses into the market, it just can’t push inflation higher.

Well, here’s an idea: maybe all the central-planning megabrains at the Marriner Eccles building and 33 Liberty Street can take a break from whatever circle jerk they are engaged in right now, and look at the latest Case Shiller numbers which showed not only that home prices surged at the fastest pace in seven years, rising more than 9% compared to a year ago…”

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