GOLD 0.51% $1,391.7 gold futures

Dazed "the Fed bought assets generated at the peak of the bubble...

  1. 7,423 Posts.
    lightbulb Created with Sketch. 152
    Dazed

    "the Fed bought assets generated at the peak of the bubble and they paid bubble prices."

    We are talking about mortgages in the US, not houses in Australia. Check out the US house price index since 2008:


    I would have to dig back into the Fed's balance sheets, but if my memory serves me, the Fed was buying MBS between 2008-10 (at the bottom) and much of the later purchases were US Treasuries.
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.