#140 - Inflation and the Future of Prices

The rapid rise of interest rates causes significant changes in lending activity and especially in the housing mortgage market.  According to CNBC, the sale of previously owned homes in April declined 0.5% from March to an annualized rate of 4 million units.  This is the slowest April pace since 2009.  Read in this issue our view of the future of interest rates and inflation and the possible impact on the stock market.