Its funny that this (monetary policy = major reason asset prices move like they do) seems so clear to us, and yet I suspect that if I go ask my neighbor or a person at the gas station or almost anyone, that is not the reason they will give.
Maybe it's genius on the part of the part of the people who run this system: it's distant enough that the consequences of their decisions are never immediately obvious. The treasury and fed can jaw bone but it is hard for a person buying a house to connect the dots between them and the price.
Of course, I say this, and I think about the very direct way that the fed has made it more expensive for people (interest rates).
Its funny that this (monetary policy = major reason asset prices move like they do) seems so clear to us, and yet I suspect that if I go ask my neighbor or a person at the gas station or almost anyone, that is not the reason they will give.
Maybe it's genius on the part of the part of the people who run this system: it's distant enough that the consequences of their decisions are never immediately obvious. The treasury and fed can jaw bone but it is hard for a person buying a house to connect the dots between them and the price.
Of course, I say this, and I think about the very direct way that the fed has made it more expensive for people (interest rates).