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| The consumer is flush with wealth? So home ownership has been getting easier all the time then? When did this happen.
Destruction of the currency is actually not wealth. It is loss of wealth. When the government is flooding the economy with debt then that is devaluing the existing currency in circulation and is why prices go higher. Lower value of the currency means more units to purchase an item.
If your house went up in number of currency units and you have to use more currency to buy food, energy, pay taxes, etc then you really didn't get "wealthier". All that happened is your labour you have sold doesn't acquire what it did before.
So here is a fair way to evaluate how much "wealthier" a person gets year over year. Does you yearly wage earnings buy more than it did the year before. Yes or no. If it is yes, then you are able to acquire more assets (ie more wealth), if no, then the opposite is true.
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The main reason Interest rates will go unchanged through November
