I always find this chart staggering to look at.
We've never seen the Federal Reserve slow the economy this violently before. Rates went from 0% to 5.33% within 18 months. That's unheard of. t.co/KoQ4CsPV0H pic.twitter.com/2vldAWuGei
— Financelot (@FinanceLancelot) December 23, 2023
Don't believe that data. If inflation is 10% but official numbers say 5%, then you have 5% GDP with no increase in production.
See how it works.
— Financelot (@FinanceLancelot) December 23, 2023
Apartments flood market, vacancy rate at 6.6% in Q3 2023. Median rent drops, new construction increases.
Apartments are hitting the market rapidly which is causing the vacancy rate to rise.
In Q3 2023, the vacancy rate hit 6.6%, its highest in over 2 years.
This also comes as the median rent price fell to $1,967/month, marking its biggest drop in 3 years.
New construction is… pic.twitter.com/UzkQvgXh41
— The Kobeissi Letter (@KobeissiLetter) December 23, 2023
Aon Center, LA’s third-largest building, sold for $145.8 million, a 45% drop from its 2014 price amid a 35% US office market decline.
BREAKING: Aon Center, Los Angeles' third largest building, sells for 45% less than its last purchase price in 2014.
The building just sold for $145.8 million, marking the largest office deal this year in downtown Los Angeles.
In 2014, the 65-story building sold for $268.5… pic.twitter.com/MhN5FuE4u7
— The Kobeissi Letter (@KobeissiLetter) December 23, 2023
The prolonged yield curve inversion raises recession concerns, as historical averages suggest a significant lead time.
The yield curve has now been inverted for a record number of days in a row, yet on average, recessions have begun 589 days after the curve first inverts, so we’re not even close to being out of the woods yet. Have a look: pic.twitter.com/uEdhO4j5mL
— Bespoke (@bespokeinvest) December 23, 2023