Home-Price Surge Says Inflation Is Real. The Fed Clings to Illusion It Isn t. | Barron’s

Central bankers routinely deny any connection between their monetary policies and asset prices, even though that s how those policies are transmitted to the real economy. Pay no attention to that man behind the curtain, they all but insist, as the lightning and smoke jumps and hisses while they manipulate the controls, believing that they re shrouded from view.

via www.barrons.com

Well, this might be true generally but not in my neighborhood of semidemihemi-custom (tract) homes. They’re on fire, figuratively speaking. Up, up, and away! To infinity, and beyond!