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Did Macro Kill Crypto? with MacroAlf
Bankless
Is the Housing Market a Microcosm of Other Industries?
The housing market represents roughly together with these ancillary activities in the US, around 15% of US GDP. It's a relatively large sector because of its very relevant nature for everybody and because of its leveraged nature. If you throw real economy spendable money out, which means you increase the amount of bank deposits that we owe, that corporates own with a lag will be inclined to actually spend some of this money. That was the story of 2021. Now if supplies also bottlenecked, then inflation obviously goes up because the demand is artificially pumped up, cyclically, while the supply can't be pumped up. So you also have inflation. The principle remains the same.
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