by Simian_Stacker
This time around the Fed has already blown its wad with 15 years of QE.
The builders are starting to feel it.
US: Housing Starts fall 8% in June, Building Permits fall 3.7%
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Housing Starts and Building Permits declined sharply in June.
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US Dollar Index stays in positive territory above 100.00.
The monthly data published by the US Census Bureau revealed on Wednesday that Housing Starts declined 8% on a monthly basis in June, following the 15.7% increase (revised from +21.7%) recorded in May. This reading came in much worse than the market expectation for a growth of 7.2%.
June housing starts down sharply
-8% m/m vs. -9.3% est. & +15.7% prior (rev down from +21.7%)
Building permits also down sharply pic.twitter.com/5Kiqht35gm
— Don Johnson (@DonMiami3) July 19, 2023
Housing speculators in Phoenix are getting a DELIVERANCE-style reaming as the Fed’s Housing Bubble 2.0 goes the way of its predecessor
Does anyone know what happens to Phoenix real estate prices next?
If only we had a map…..
H/t @donmiami3 pic.twitter.com/oLVUupVHYD
— Darth Powell 🦈🇺🇲🇺🇦🇵🇱🇫🇮 (@GRomePow) July 19, 2023
Starwood Defaults on $212.5 Million Atlanta Office Mortgage
Goldman Sachs originated the loant.co/JCvkYh4qa3 t.co/FEHKiOYNoN pic.twitter.com/HQVFH5NYSg
— KonekoResearch (@KonekoResearch) July 18, 2023
Recession? What recession? 🔥🔥🔥
Federal government tax receipts are plunging.
😲 pic.twitter.com/orOBDfGmjQ
— Wall Street Silver (@WallStreetSilv) July 19, 2023
AirBnB housing speculators are toast
Airbnb co-founder Joe Gebbia has off loaded just over $1B of stock since January. (Bloomberg) All us well- nothing to see here.
— tim nugent (@livenlikeaking) July 18, 2023