TSX:AX.PR.E - Post by User
Comment by
rad10on Jan 27, 2024 7:27pm
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Post# 35848924
RE:RE:RE:RE:The Powell flush
RE:RE:RE:RE:The Powell flush
Torontojay wrote: You are wrong.
Real estate is one of the assets that money was chasing. Why do you think home prices went up significantly since covid? It's because they increased the money supply by 40% !!!
An increase in money by 40% effectively means you devalued your currency by 40% and so home prices went up by 40% to reflect that.
yep! I didn't read the post that likely precipitated this response, but real assets are key in an inflationary environment.