Tariffs not having the intended result yet

by WARREN MOSLER

Back down:

Highlights

After jumping sharply in June, pending home sales sank sharply in July, falling 2.5 percent which is well below expectations. Yet the 105.6 showing for the index is nevertheless among the best showings of the last year. Today’s results will hold down August forecasts for existing home sales which had been mostly flat before jumping sharply in July.

Tariffs not having the intended result yet:

Trump reportedly promised pardons to aides who break the law to build border wall by 2020 election