Home Is Where the Inflation Is

``The latest numbers, updated Friday, show the U.S. on a run: Over the year through September 2015, house prices exceeded consumer-price inflation by 5.9 percent -- more than in the euro area, Japan or the U.K. That put them up almost 15 percent in inflation-adjusted terms since the economy hit bottom in mid-2009, just short of the U.K. '' -- Mission accomplished, according to the article's author. The other read is: nearly relentless central bank printing has managed to move the dial a little bit, but this probably means the market has gotten way ahead of itself and is at risk of a big tumble (especially with sales volumes now plummeting)...