Free Republic

All I can say is “Wow.” Tobias Peter and Ed Pinto of the American Enterprise Institute (AEI) released their April housing report and it was a doozy. The AEI’s home price appreciation index came in at a blood curdling 17.3% YoY. The reason why home prices are still raging at 17.3% YoY? The Fed’s monetary stimulypto is STILL in place! The Fed’s balance sheet (green line) is still staggering, and The Fed Funds target rate (white line) is a measly 1%. Atlanta Fed President Raphael Bostic is talking about a pause in Fed tightening. Fed Chair Jerome Powell is really...

Former South Carolina governor Mark Sanford is facing a runoff against Curtis Bostic for the GOP nomination for the state’s 1st Congressional District seat, which was vacated when Tim Scott was appointed to the Senate. One would think that Sanford’s infamous abandonment of his post to indulge in a fling with his Argentinian mistress would disqualify him from serious consideration by those who treasure “family values” or who think using public money for a dalliance isn’t the sign of a true fiscal conservative.more...