The bigger the housing bubble grew, the more the Fed laughed

Alex Wong/Getty Images

The bigger the housing bubble grew, the more the Fed laughed
(Image credit: Alex Wong/Getty Images)

This chart via Bloomberg's Barry Ritholtz shows an unsettling correlation. The more house prices rose during the housing bubble — a bubble that Ben Bernanke denied existed as late as 2005 — the more laughter was recorded in transcripts of Federal Open Market Committee meetings:

[Elliot Today]

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John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.