Great news for a new housing bubble, which has already been brewing in some housing markets.
Yep, shooting for a "2008 redux"...am hearing ads for "cash-out refi's" again. Failure to reduce government spending leads to extreme pressure to keep interest rates low as "normal/historical" rates would trigger a "Venezuela/Zimbabwe" event in a few years.
I am seeing inflation more in line with what "SGS" publishes (based on the pre-tinkered with 1990 method)...around 5-6%.
http://www.shadowstats.com/alternate_data/inflation-charts
I personally have my "Carl's, Jr./Hardee's Inflation Index"...2007 "Santa Fe Chicken Sand. Combo (lg)": $7.00...same combo in 2019: $12....70% increase over 12 years = 5.8% avg. annual inflation rate. (CA Carl's, Jr...maybe less inflation in MS).