Existing home sales hit record lows in August

"Sales of existing homes fell 1% month over month and 3.1% year over year in August—to a seasonally adjusted annual rate of 4,042,369. That’s the lowest level in records dating back to 2012, with the exception of May 2020."@Redfin pic.twitter.com/mreQ5WMFjy …

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Global recession hits: Samsung Electronics to lay off up to 30% of its global workforce, citing declining sales and a shrinking customer base.

Samsung Electronics, the world's top maker of smartphones, TVs and memory chips, is cutting up to 30% of its overseas staff at some divisions, three sources with direct knowledge of the matter told @Reuters. Read more https://t.co/U07j1AM2pe pic.twitter.com/imSKS6qwyq — Reuters …

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US pending home sales are now lower than during peak pandemic shutdown, 20% unemployment, mass fear… And lower than 2008!

https://twitter.com/RaymieMark/status/1829162596492292106 What stage? https://t.co/nl1mq3RFPD — KKGB (@INArteCarloDoss) August 29, 2024 Pending Home Sales in the United States decreased 8.50 percent in July of 2024 over the same month in the previous year.https://t.co/NHmalX7Rux pic.twitter.com/WOKdO4kX1W — TRADING ECONOMICS (@tEconomics) August 29, 2024 …

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Wait, the retail sales data is fake?!

Wait, the retail sales data is fake?! 🤯😏 https://t.co/rb4jI96ZGh — Financelot (@FinanceLancelot) August 17, 2024 Every restaurant in my area is dead on Friday and Saturday nights now. Never seen it so quiet, even back in 2008/2009 — Financelot (@FinanceLancelot) …

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Housing Sales Crashing in Florida

by Odd_Personality_1514 We’re in the middle of trying to sell our home here in southern Miami – Kendall. Just one year ago you couldn’t find a home to buy. Whenever a home went up, it’d sell in days, after bidding …

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Real retail sales down 4%, declining for two years—recession looming? Consumer loans delinquencies are steadily marching higher.

Even $2Tn deficits not working? — Chart Cruncher (@NaughtonPaolo) July 16, 2024 Consumer loans delinquencies are steadily marching higher Unemployment is creeping up Corporate profits are cooling off pic.twitter.com/CsTOmBbGlm — Win Smart, CFA (@WinfieldSmart) July 15, 2024 Trucking Employment Continues …

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