joeleitz

quote:
"If we want real home prices to continue falling back down to normal, while allowing for high sales volume to continue, then we need to go ahead and allow for more monetary inflation to grease the process.
I'm still confused as to why we need the monetary inflation part just in order for markets to clear."

I can't figure that out either. It seems to me that all the money printing is doing is stoking the stock market. It doesn't seem like it's doing much for the housing sector at all. I know that the atlanta real estate in my neighborhood continues to fall in price. I'm not convinced that Bernanke knows what he's doing.