Household’s networth is sharply contracting

July 21, 2023 3:47 pm by CWR

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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

See also US households' stock allocation hits all-time high at 43.4%, surpassing 2000 Dot-Com Bubble by 5 points. Is smart money running to the exit?

See also If this trend continues, it will turn out that August and October saw JOB LOSSES. Hiring fell sharply before summer and never came back, all of that leading up to the holidays. ADP October payrolls revised down.