Linkage: Are home prices REALLY above pre-recession peak?

Today’s links kick off with how to really interpret home prices (link 1), why local laws make it so hard to build which is what is causing prices to rise (link 2), and the resulting low inventory trend (links 3, 4). Then an assessment of the Fed’s rate stimulus and balance sheet (links 5, 6), and concluding with a fun read from my friend JC who’s a prominent Wall Street technical analyst, and just decided to jump into a master sommelier exam without studying because he loves wine–and he passed! The post is his full story on the matter, and it’s awesome.