Oil 1, Housing 0
Despite having rudely forced its way into the Fed's and government's attention spans, the US housing crash appears no more likely to be resolved any time soon than the soaring price of oil.
Score so far: oil 1, housing nil. Bring on the S-word cheerleaders.
Two bits, four bits, six bits, a dollar!
All for stagflation stand up and holler!
PCE Measure of Shelter Slows Slightly to 5.8% YoY in March
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Here is a graph of the year-over-year change in shelter from the CPI report
and housing from the PCE report this morning, both through March 2024.
[image: ...
2 hours ago
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