“We don’t have a real organic sustainable recovery because in a world of medicated money by the central bank, things aren’t what they appear to be,” argued David Stockman, former director of the Office of Management and Budget in the Reagan Administration.
David Stockman deems U.S. in a housing bubble
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.