Kind of shocked at the number of people responding to this with guesses that inflation is high.https://twitter.com/RepThomasMassie/status/1381793237090893825 …
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Seems to me at least one of these two must be true: 1. Significant inflation is happening. -or- 2. The housing market is in a massive bubble and will crash. Either way, not good.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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We’ve been so close to the Zero Lower Bound (of interest rates) for long enough without spiking inflation that we probably *could* print some money and it wouldn’t move the needle much
End of conversation
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