It is ironic the Fed puts out this data, as if to show off its success, and how every time the wealth of the 1% is threatened, the Fed comes up with new bailouts, rate cuts, and other shenanigans.
After peak negative-yield-absurdity in August, bond prices fell – the “bond bloodbath” – and the mountain of bonds with negative yields has plunged by $5 Trillion, or by 30%, despite rate cuts.
Despite startup millionaires, house & condo prices in SF Bay Area and condo prices in NY City fall from a year ago. Seattle down again. Los Angeles, Las Vegas lose steam. Phoenix, others running hot.
