https://twitter.com/NorthmanTrader/status/1706683773809471667
US New Home Sales Crashed In August https://t.co/a5z87RkW9M
— zerohedge (@zerohedge) September 26, 2023
Sales of newly built homes reverse course, drop nearly 9% in August https://t.co/Lq2RTuNWjz @uscensusbureau
— Diana Olick (@DianaOlick) September 26, 2023
Home prices in the US will fall 30%, per Jeremy Grantham.
— unusual_whales (@unusual_whales) September 26, 2023
Imagine that. The law of supply & demand has not been revoked. https://t.co/wAHNUTjYHG
— Danielle DiMartino Booth (@DiMartinoBooth) September 26, 2023
Jamie Dimon Warns: World Unprepared for Fed’s Stagflation Response
JPMorgan’s CEO warns of the risk of stagflation and believes the world is unprepared for central banks raising interest rates. He suggests the jump from a 5% to a 7% rate would be notably harmful. Emphasizing caution, he questions if businesses can handle a 7% rate alongside stagflation. Some experts argue such high rates could burst asset bubbles.
h/t Simian_Stacker