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US November Pending Home Sales Crash (-38.6% YoY) As Fed Tightens And M2 Money Growth Grinds To A Near Halt
Confounded Interest ^
| 12/28/2022
| Anthony B. Sanders
Posted on 12/28/2022 7:24:50 AM PST by Kaiser8408a
US existing home sales in November collapsed by -38.6% YoY as M2 Money growth runs out of gas.
The above chart is similar to yesterday’s “Ski Slope” chart of US home prices YoY.
What will President Biden do about this dire situation? Our “Vacationer in Chief” is off on yet another vacation to St. Croix in the US Virgin Islands, so probably nothing. Now that Biden is sunbathing, what will his Treasury Secretary Janet Yellen do?
(Excerpt) Read more at confoundedinterest.net ...
TOPICS: Business/Economy; Government; Society
KEYWORDS: biden; bideneffect; bidenflation; blogpimp; fed; housing; mortgage; retread
Biden, what a POS!
To: Kaiser8408a
Sounds like they might have pushed it over the hill but they don’t have the muscle and tools to control it on the down slop.
....worried....
2
posted on
12/28/2022 7:31:53 AM PST
by
dila813
To: Kaiser8408a
3
posted on
12/28/2022 7:33:43 AM PST
by
dila813
To: Kaiser8408a
“”what will his Treasury Secretary Janet Yellen do?””
Don’t know but I sure hope it’s not sun bathing!!!!!
To: Kaiser8408a
Housing prices still WAY up over pre-Covid explosion
5
posted on
12/28/2022 7:56:39 AM PST
by
montag813
To: Kaiser8408a
They just made inflation worse with the reconciliation bill.
6
posted on
12/28/2022 7:57:25 AM PST
by
alternatives?
(The only reason to have an army is to defend your borders.)
To: Kaiser8408a
If only there were a term for stagnating an economy in order to fight inflation.
7
posted on
12/28/2022 8:02:35 AM PST
by
Sirius Lee
(They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
To: Kaiser8408a
8
posted on
12/28/2022 8:14:56 AM PST
by
SaxxonWoods
(The only way to secure your own future is to create it yourself.)
To: Kaiser8408a
sorry, but as a prospective first-time homebuyer in the next year or two, I view this as a good thing. I refuse to participate in the madness that characterized the housing market over the last 2.5 years: relentless bidding wars, inspection waiving, etc.
We're simply returning to a more normal housing market, which should actually help alleviate inflationary pressures.
9
posted on
12/28/2022 8:28:45 AM PST
by
millenial4freedom
(The Democrat Party thinks men can menstruate! How can it possibly be right about everything else?)
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