CHARTS_CCI_SYSTEM

[snootmagruder]

gdl,

So much for your assumption that housing will not lead us out.

Was it housing that led us out or was it the fed's trillions that led us out? If it was housing, it took much longer than usual and I was referring to that. Then (2006), the Fed and our dear politicians cheered on as real estate became unaffordable for the average citizen. Now, the Fed and our politicians will cheer it on again if it continues. Countries that allow their central banks to inflate real estate bubbles to the extent of Japan with 100 year mortgages and Sweden with the 140 year always regret it as it is a death sentence for the economies.