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Fed's Trojan Horse Offering

Posted on June 28, 2008

My friend TC monitors C.A.R. data, DQNews data, and Case-Shiller Data. Case-Shiller data was out a few days ago and you can read about it in Case Shiller Futures Suggest 2010 Housing Bottom.What follows is an analysis of data from the California Association of Realtors from TC who tracks the data month by month and is looking at things from perspective of percent declines from the peak. TC writes:I put together the just released May 2008 CAR data. As you can see the CA median home price is now down more than $200K and every region CAR tracks but one is down at least $100K. Additionally,...

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bernanke , fed , housing , inflation , the fed