If you’ve got a 50 million dollar house in London, New York, or Monaco things are looking pretty good for you. Of course they were already probably looking pretty good. Funny how that works. It’s nice to have access to the Fed window.
Of course many of us in the real estate sub-tiers continue to see little or no growth in the price of our homes, Indeed, adjusted for inflation many people continue to lose money year over year.
Until people come to widely understand that it isn’t capitalism driving this disparity, this disconnect, we will continue to see more economic separation. It is the central planners driving things. It is the central banks, their client banks, and governments, which have created this economic gulf. Not capitalism.
Of course for some people to see this it will involve a complete reworking of their value system. And we know how much humans like to do that.