Inventory shortage narrative fades as supply rises, price reductions hit 18.6%; October housing starts hit 80K, a clear sign of recessionary trends.

The inventory shortage narrative runs out of steam as Realtor pivots on supply and price “This is the longest stint of four-plus months of supply in five years” “The percentage of homes with price reductions was 18.6%” – higher than 2017-2019 Just wait until Spring… pic.twitter.com/8VM0mX8nkS — Saw Chuck (@Saw_Chuck2023) November 19, 2024 OCTOBER HOUSING …

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The “Comet Of The Century” Is Here! Has God Put It There To Be A “Sign In The Heavens”?

by Michael Is it just a coincidence that the “Comet of the Century” has appeared just as all-out war is about to erupt in the Middle East and a presidential election that has the potential to change life in America forever is about to be decided?  Perhaps you do think that it is just a coincidence, and you are certainly …

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NOT Born Under A Bad Sign! Housing Starts Are Down -4.2% YoY As M2 Money Growth Dies (Illegal Immigration Outpaces US Births, But Supply Not Keeping Pace)

by confoundedinterest17 Under Biden’s Reign of Error (or green economic transformation), the US has seen over 8 million illegal immigrants enter the US which is a far greater number than births in the US. In other words, Americans apparently are NOT being born under a bad sign. Hence, the US is seeing the demand for housing …

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CRE Fire! Office Valuations Plummet As Fed Raises Rates To Fight Inflation (US Gross Domestic Income YoY Fell To -0.8% In Q1, NOT A Good Sign!)

by confoundedinterest17 Commercial real estate (CRE), particularly office space, reminds me of the Arthur Brown tune “Fire!” except that Jerome Powell of The Federal Reserve is the God of Hellfire! While fighting inflation caused by … The Federal Reserve and insane Federal spending (aka, Bidenomics). Call this the Over, Under, Sideways Down economy. The top 1% are doing quite …

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Bidenomics, Born Under A Bad Sign! US Treasury Yield Curve (10Y-2Y) Inverts To Under -100 BPS Again (Nickel UP 1.78%, Dogecoin UP 5.58%)

by confoundedinterest17 I have never seen anything like this. The US Treasury 10Y-2Y yield curve is deep in inversion and has had a negative slope for 265 straight days. Bidenomics is born under a bad sign! On the commodities front, heating oil is up almost 2% this morning and nickel (an important element in Biden’s green …

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LA business owner fined for sidewalk sign, and having an American flag, instead of homeless camps right next to store!

A Los Angeles business owner says city code enforcement officials have relentlessly targeted him for setting a sidewalk sign too close to city property while ignoring the growing homeless encampments. Air said code enforcement officials in the past have ticketed him for flying an American flag outside the shop. “The guy called them ‘flag banners,’ …

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