Folks, we live under a monetary regime with built in increasing prices. Trust me, it's better than the alternative.
Durable goods prices are the only category that has fallen in price and that's because we shifted to foreign labor that makes 1/100th as much as Americans. (1/2)
Durable goods prices are the only category that has fallen in price and that's because we shifted to foreign labor that makes 1/100th as much as Americans. (1/2)
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Short of a great depression, you'll never get a secular decline in rents or home prices. Homes are built by US labor which costs way more than labor abroad, and, home construction is not vulnerable to automation.
(2/2)