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Site title: Wolf Street | The stories behind business, finance, and money

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Plus, in another 44 bigger cities, condo prices dropped by 7% to 14% so far, as the mindboggling Condo Bubble comes unglued.

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There's no indication the bond market is better now in figuring future inflation; its expectation of 2.4% annual CPI over 10 years seems woefully low.

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San Francisco & Portland came off the list. Fort Worth & Aurora (CO) come on the list.

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Ugly trifecta that spooks the bond market. To soothe bond yields and mortgage rates, the Fed needs to hike, not “look through” inflation.

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