Ben & Janet's Swell Housing Recovery: Sales Booming For The 1%; Heading Down For Everyone Else - David Stockman

``No, it was not an artic blast coming down from the polar north that explains the pattern below, but the financial storms emanating from the Eccles Building on the Potomac.  To wit, the fundamental impact of ZIRP and QE has been to massively levitate the value of existing financial assets---nearly 50% of which are owned by the top 1% of households and more than 80% by the upper 10%.''