https://www.bls.gov/cpi/factsheets/common-misconceptions-about-cpi.htm See point 2. Rentals are included
You don't need the unknown, the known will be enough to provide detailed projections. We all independently analyse a sliver of information to help us make decisions we believe are "informed". The big boys have a great deal more analysis power than most of us combined. But an AI plugged in a quantum computer will make the big boys as clueless as we are in front of our multi screens pc.
I guess buying MBS in a booming real estate market wasn't a good idea after all? My favorite idiocy from the Fed was buying Apple bonds in the heart of the pandemic. Yes I'm sure a monopoly like Apple needs charity from the Fed to survive. From Greenspan to Powell just a bunch of Ivy League lounge lizards.
%% HOW did you KNOW; i type slow?? But I have NO MO\ on my charts. I try not to use much ''psycho-babble'' or pretend to predict like Mo did. Actually i see a lot of prices transitory, gasoline \ new cars\LOL, some sectors in stock market............ Except for sunrise\sunset\ MO \ does not know\ the first thing about 2023/LOL
Everything is going to be okay, so just relax. Half the time, I have no idea what you're saying but that's okay too. We just need to give out good vibes. That's all.
Don't worry, you can get 'super jumbo' loans now. Fed agency to the rescue. Bubblenomics... Mortgage giants Fannie Mae and Freddie Mac will raise the limits of government-backed loans to a record level for 2023, with the maximum loan limit hitting more than $1 million for high-cost areas, the Federal Housing Finance Agency announced Tuesday. Mortgage giants raise loan limits to a record level for 2023 https://www.cnn.com/2022/11/29/homes/fannie-and-freddie-loan-limits-announcement-2023
If I may translate. I interpret El-Erian as saying, "The coming recession may be more extended than previously thought." Supply problems will depend heavily on the war in Ukraine and the Chinese Economy. These two factors contribute most of the time uncertainty.
%% LOL. I dont really understand 50% [half] a pattern much. But i have used it anyway. I do understand Mo can't predict.
This fool was part of the 2009-2010 psyop that America can no longer grow rapidly, the New Normal they called it.