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The M1 money supply increased by 40% during that time though. We've already realized a ~10% increase in the CPI. Presuming that houses are included in this me
by whichfawkes 4y ago
The M1 money supply increased by 40% during that time though.
We've already realized a ~10% increase in the CPI.
Presuming that houses are included in this metric, those are currently pretty inflated in value.
As of December 31st 2021, the market hadn't even really started to pull back yet.
If you say that household wealth has increased nominally, in terms of there being a bigger number of dollars, sure. But I think you have a pretty hard case if you want to argue that _Real_ household wealth has increased very much.