Household’s networth is sharply contracting
The last 2 times this happened, a recession followed pic.twitter.com/guI3dwPd8k
— Game of Trades (@GameofTrades_) July 21, 2023
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Current home prices with current mortgage rates don’t make sense at the same time.
One or the other has to come down. Either housing price decline or the Fed lowers rates to keep the asset bubble inflated.
Which will it be? pic.twitter.com/d0FWXsLGkI
— Wall Street Silver (@WallStreetSilv) July 21, 2023
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