Is There Still So Much We Don't Know About Economic Relations?

The housing market is down 2.7%. If you would have said interest rates are going to go to 7% and stay there between above 6% for, I don't know, it's probably been nine months now,. Wouldn't you assume the housing market would have crashed or come down 10% in a hurry and it's sticking? In certain cities it is. Who knew that all you had to do was send out $6 trillion. That'll do it. It took the pandemic to get inflation higher. And obviously fiscal policy matters more than monetary policy.

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