re: Fed hides weekly M1 supply, says "money doesn't matter"

quote:

---

but the price increase has more to do with a lack of supply

---

there are 2 big issues i have with this argument

one, our population has not increased in a way that would correlate to the price increase. i'm speaking nationally not in specific hot zones (where this can obviously happen and NIMBYs use zoning to prop up their home values, like SF). the question is how could demand explode like this? there are 3 answers: (1) consolidation of wealth allowing multiple home purchases (2) foreign investment and (3) increased demand

the demand needed for to affect supply in this manner is based solely in unsustainably low interest rates. that is part of inflation. that same increase in money in the system is creating the consolidation of wealth, because only particular populations are accessing these low rates and they're flooding certain markets they see as investments with it. that is inflating these markets.

foreign investment is just an example of "we're the best, worst option" b/c everywhere else is even more fricked