Maybe asset price inflation really translates into a positive wealth effect which accelerates inflation…

May 3, 2024 11:10 am by CWR

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So a hawkish message, maybe asset price inflation really translates into a positive wealth effect which accelerates inflation.. https://t.co/k7QhinBEIp

— The Macro Guy (@SagarSinghSetia) May 3, 2024

Home prices in the US have hit new all-time high, per MW.

— unusual_whales (@unusual_whales) May 3, 2024

See also S&P 500 Price to book, brings us so close to being the most expensive market of the modern era. The 2000 bubble: Nasdaq lost 78% in 2 years. It will be worse this time.

See also Apollo warns inflation rising again, predicts potential 1970s repeat with Fed rate cuts. Enjoy your rate cut this week. There might not be another one for a long time.