Bidenomics At Work! US Pending Home Sales Crash -14.8% YoY As Fed Pushes Rates Up, Negative Growth For 24 Of Last 25 Months (Is Fed Chair Powell Actually Mr. Freeze?)

by
Sharing is Caring!

by confoundedinterest17

The Biden Administration is gushing about Q2’s Real GDP report of 2.4% QoQ. Wow, after trillions of dollars of stimulus spending and The Fed going wild with monetary stimulus, all we got was 2.4% growth??

See also  A 20% surge in gov't spending inflates the national debt, inflation, and interest rates, now reaching 10% of GDP, yet Q3 GDP misses expectations.

But let’s turn the cameras on the housing market.

See also  If They Cut The Undersea Cables That Connect Us To The Internet, Will It Crash The Global Economy?

Pending home sales crashed -14.8% YoY in June.

Is Fed Chair Jay Powell actually Mr. Freeze? Here is Jay Powell looking at his printing press.

 


Views: 40

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.