Was that a serious response or are you trolling on FR?
When housing prices drop, the majority of American households lose discretionary income due to the CPI-W basket ending up costing more and the interest payments on the household debt taking up a larger percentage of the household income and discretionary income.
In regard to energy prices, the CPI-W has been manipulated since unleaded gas costs US$0.90 a gallon in 1996. $22/barrel spot.
This is a multi-decade manipulation of inflation indexes, and energy costs are now returning to multi-decade historical trend lines, not falling below those trend lines.
Even if the energy markets swing too far downward in this correction , the below average cost will only last several (4 at most) quarters, not 2 calendar years as the BLS has made official policy.
Seriously, John Williams is a clown.
When housing prices drop, the majority of American households lose discretionary income due to the CPI-W basket ending up costing more
How does CPI-W go up when housing drops?
and the interest payments on the household debt taking up a larger percentage of the household income and discretionary income.
How does a drop in house prices cause that?
In regard to energy prices, the CPI-W has been manipulated since unleaded gas costs US$0.90 a gallon in 1996. $22/barrel spot.
How?