You Won’t Believe What Today’s Housing Starts And The 1982 18% Mortgage Have In Common

by Lee Adler, Wall Street Examiner

I draw the charts. You draw the conclusions.

Follow up:

October Housing Starts By Year
Click here to view chart.

Starts Per Million of Population

Single Family Starts Per Million
Click here to view chart.


Multifamily Starts Per Million of Population
Click here to view chart

But I do have a question. What hath the Fed wrought? Aside from destroying the finances and lives of millions of America’s elderly, while punishing thrift and rewarding rank speculation, has it also made any real chance of a housing recovery impossible in the process? Is it not time that we look at Fed policy through a moral prism that goes hand in hand with the question of effectiveness.

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