ROFWL
1. Wages have been very much up. 2. But lower interest rates will affect housing - upping market values, a lot more than it will wages. With the Fed printing more money housing will get even more expensive for 1st time buyers, not less. 3. Investor buyers jump in with the cheaper financing, hoping they will be able to sell before the fed’s bubble bursts, just like they tried to do last time. 4. Homeowners will refinance more, take any additional equity in cash, adding more spending money to corporate revenue already NOT hurting.
Shades of 2006 all over again.
President Trump is right and I’m right. Where does that leave you?
The Fed hasn't "printed more money" since QE ended in October 2014.
YTD, they've "unprinted" $261 billion.