Posts Tagged ‘While the Fed keeps touting the "transitory" nature of runaway inflation’

There’s a treacherous conspiracy at work that involves both sides of the American political counterfeit coin… While the Fed keeps touting the “transitory” nature of runaway inflation, millions of Americans will soon be living under a bridge as both house prices and rents are now rising at a record pace (at least until cities start charging a “bridge habitation” tax). Earlier today we reported that the latest Case Shiller data showed that home prices across the country had soared at the fastest pace on history, surpassing even the epic surge from the housing bubble, after rising at a record 19.1%. Needless to say, at the rate home prices are rising, most American will soon be priced out of owning a home – even with record low mortgage rates – if they haven’t been already, which means they will be stuck…