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Dr. Peter Linneman, Leading Economist, Professor Emeritus, The Wharton School of Business
The Walker Webcast
The Fed's Obsession With Consumer Price Inflation
Last July you stated a year from now you will see normalized consumer price inflation with increased asset price inflation. That hasn't happened. Well, home prices are moving back up again in the last few months. The bond yield came down now it's lit back up. I don't know what it's done today with the CPI numbers. It's hard to say because you've got people looking to make the bargain of a century and owners of like multifamily who put a loan on seven years three years ago cash flowing like mad they're not going to sell into that.
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