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Housing Market Record Highs and the "Dragflation" Forecast
The median home price in the U.S. has hit an all-time high of nearly $384,000, while median household income remains around $75,000. Gerald Celente predicts "dragflation"—a combination of a declining economy and rising inflation—rather than simple stagflation. He contrasts the current housing crisis with the 2008 bust, noting that today's high prices are driven by different economic factors.