by Boo_Randy
The Housing Market ‘Is Crashing,’ Says KPMG Chief Economist (rare truth-bomb allowed on MSM)
#recession … #GFC2 US #Housing Bubble 2.0 edition t.co/suwPeCpe1U pic.twitter.com/S22VRozBom
— Invariant Perspective (@InvariantPersp1) October 23, 2022
US New Home Buyer Traffic DOWN -64% YoY (Bank Deposits DOWN The Most Since 1973)
Everything is NOT beautiful with the US economy.
Another crack in the dam (US economy) is buyer traffic for new homes. They are now down -64% since last year (YoY).
Of course, The Federal Reserve is removing its massive monetary stimulus. BUT commercial bank deposits have declined the most since 1973.
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