Thursday, March 10, 2005
Iran and Inflation
From the WSJ.Online Fed's Bernanke : US House-Price Growth To 'Moderate'-
U.S. house prices grew 11% in 2004, the fastest rate in 25 years.If you exclude Food and Energy, there's no fears about inflation. Food and Energy are my two main expenditures, besides housing. US home prices went up 11% in 2004. That's probably not in the CPI either.
Federal Reserve Governor Ben Bernanke said Thursday the growth of U.S. house prices is likely to slow in the future to a pace that resembles the rate of "return on stocks and bonds."
Here's what Beranke wants to keep quiet:
He and his gang and Kudlow can talk all they want about "no inflation", but this chart shows a different story.