slippin’

Slippin’ Into Darkness Under Bidenomics! US Pending Home Sales Nosedive -18.80% Since Last Year As Mortgage Rates Hit 20 Year Highs

by confoundedinterest17 The US housing market is slippin’ into darkness under Bidenomics. With existing home sales at their lowest since 2010 and new home sales finally hitting the wall, pending home sales were expected to decline MoM in August after an uptick in July (amid soaring mortgage rates and plunging affordability) and they did…hugely. Pending home …

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Slippin’ Into Darkness! St Louis Fed Nowcast Q3 GDP Growth At -0.07% As M2 Money Growth Collapses (While Atlanta Fed GDPNow At 5.6% Growth?)

by confoundedinterest17 Slippin’ into darkness! Bidenomics, that is! Joe Biden is not a friend of the US middle class. The St Louis Fed’s real time GDP tracker known as Nowcast has Q3 GDP at -0.07%. This happening at M2 Money growth collapses. If you want to feel good, check out Atlanta Fed’s GDPNow estimate (housing economist Raphael …

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