UMich Housing Sentiment “Rises” To 83 As Inflation Hurting Retail Sales (Industrial Production Declines -0.3%)

Confounded Interest ^ | 01/14/22022 | Anthony B. Sanders

[Browns Ultra Fan]

That Bidenflation is really hurting Americans.

Start with the UMich Buying Conditions for Houses. It “rose” to 83. Unfortunately, 100 is the baseline and any number below 100 is bad. The reason? The massive increase in US home prices since 2020.

But retail sales are hurting thanks to higher prices. Retail sales less food services and auto are DOWN 3.1% MoM.

Meanwhile, US industrial production fell to -0.3%.

Mission accomplished?

[Browns Ultra Fan]

Biden and the Democrats are killing the US economy.

[catnipman]

less than 2,000 houses and condos on the market in Colorado on the front range between castle rock and fort collins ... and we just had over 1,000 homes burned to the ground in the Marshall fire ... thank you, Covid Joe ...