Posted on 01/01/2023 10:05:05 AM PST by Kaiser8408a
As we begin 2023 (and I am still bummed-out over Ohio State University losing a nail-bitter to Georgia in the Peach Bowl), we need to look at the condition of one of the most important sectors of the US economy.\, housing.
If we look at the US Housing Leading Growth index (courtesy of RecessionAlert.com) has slumped to its worst reading since the recessions of 1982 and 2008.
And then we have the OCED leading indicators for the US falling as M2 Money growth slows.
My favorite chart shows US home price growth falling faster than University of Michigan football team’s national championship home hopes.
Will this prompt The Federal Reserve to pivot? Only time will tell.
(Excerpt) Read more at confoundedinterest.net ...
We are in the second Great Depression.
This housing correction will make 2008 look like the good times.
I expect a pivot by March.
I expect pResident ****bag to double down. He hasn’t pivoted on anything. The Left believe their own propaganda. They think everything is great.
Fed pivot?
Not likely, this is wishful thinking. There has to be a price for unbridled enthusiasm and irrational buying. Housing is just the start.
A Fed “pivot” is an abject surrender to rampant inflation.
A monstrous inflation.
Bookmark
It depends on their definition of “great” doesn’t it?
Who was held accountable for the cluster-f of 2007/8?
Why would anyone behave any different?
I would like to see who made the most riding the ridiculous housing cost increase, then sold and shorted investments pre crash.
I mean I’d like to see it, we need younger citizens to have access to affordable housing. But I don’t see the pending housing apocalypse that we did in 2008. That was…a nightmare.
Anyways, just anecdotal observations. Cheers!
The problem is that house prices have become unaffordable and, once that happens, you either have to drop the prices or burn them down.
Most young people cannot afford houses now and that will eventually collapse the prices.
The Fed has been saying “no pivot” and they retain the goal of 2% inflation and will raise interest rates until they get there.
They could be lying, but I would not count on it.
Yeah, I guess it does!
They call evil good and good evil, so why not call terrible great?
“This housing correction will make 2008 look like the good times”
Not even close. The situation in 2008 was much worse than now. That also means the opportunities won’t be as big, but that’s the nature of downturns.
Blessings are being removed.
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