Man, I go on vacation for a couple of weeks and the world goes crazy? Or should I say, the world finally gets it?
Thursday and Friday certainly look like the tipping point to me. Of course now its the weekend so we’ll have to wait ’til next week to see if the trend continues. Perhaps the BILLIONS in cash that the FED is pumping in will make a difference.
On that note, regardless of interest rates, won’t the infusion of cash simply lead to greater inflation? Of course as others have said here many times, inflation is one way to tame this beast. If all of our salaries doubled or tripled while real estate remained flat, that would help justify the current prices.