Home Prices Could Plummet Up To 50%!
- Home prices have been declining since June 2022, leading many to fear the housing bubble has popped.
- Jerome Powell has a plan to reduce Consumer Price Inflation by bringing down the housing market, potentially reducing the price of homes by 50%.
- The Case Schiller index has gone up 6,000% since 1915 and is now declining, indicating a decrease in inflationary pressure.
- Jerome Powell is looking to his legacy and trying to follow in the footsteps of Paul Volcker to reduce inflation by reducing aggregate demand and purchasing power.