Real estate represents >50% of global “wealth”, and it is therefore such an important driver for the business cycle.
The Fed is telling you they want the housing market to slow down.
Paying attention to the elephant in the room is often a good idea.
— Alf (@MacroAlf) March 31, 2022
We’re headed towards much higher levels of inflation. But along the way, we could have a severe credit collapse—a deflationary depression similar to that of the 1930s. The authorities in control of monetary policy actually have no idea what they’re doing.https://t.co/sJH6eNQ8G2
— Doug Casey (@RealDougCasey) March 30, 2022
The equity market is smashing housing stocks under the pressure of rising mortgage rates.
In 2007 Edward Leamer wrote, "Housing IS The Business Cycle."
Important cyclical indicator 👇 pic.twitter.com/iTKdy6ADNJ
— Eric Basmajian (@EPBResearch) March 31, 2022
https://twitter.com/PeterSchiff/status/1509513872331481098
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
4 views