Posted on 05/04/2024 9:55:44 AM PDT by Kaiser8408a
Surprise! Just in time for the November election, this is a negative surprise that Biden doesn’t want to hear.
The Citi Economic Surprise index crashed to -7.30, the lowest since January 2023.
Under Biden’s leadership (hell, he and his family already own several mansions … on a Senator’s pay), home prices are up 32% under Biden and mortgage rates are up a staggering 160%.
Getting young households who rent to buy a home in this environment will require magic.
(Excerpt) Read more at confoundedinterest.net ...
Just don’t know what Citi means by “economic surprise.”
According to Krugman, things aren’t all that bad.
Apparently there are still buyers.
Supply and demand is supposed to fix this sort of thing.
IN 2020 a gallon at the pump in Texas was about $1.79
Today it’s about $3.50
http://www.texasgasprices.com/retail_price_chart.aspx
Prices have in 4 years nearly DOUBLED and the MSM hardly talks about it.
Why?
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