Politicians can paint pretty pictures all they want but its obvious whats happening.
Massive Drop in Homebuyer Interest
Can virtual tours, phone calls and video conferences replace the real thing?
So far, the answer is no as Real Estate Agents Assess the Post-Pandemic Future of Homebuying.https://t.co/1PYMGK6ekn
— Mike "Mish" Shedlock (@MishGEA) May 4, 2020
https://twitter.com/realwillmeade/status/1257028480157601797
https://twitter.com/realwillmeade/status/1256981902046769153
Vancouver home sales dropped 39% y/y in April. Officially the slowest April on record. pic.twitter.com/QmlOiEvXuD
— Steve Saretsky (@SteveSaretsky) May 4, 2020
#recession … #StockMarketCrash2020 edition#SPX #SPX500 $SPY $QQQ 📉 https://t.co/71Y3OfaVKN
— Invariant Perspective (@InvariantPersp1) May 4, 2020
Not only in the US.
Money supply to central banks’ assets is collapsing worldwide.
It’s now at all-time lows.
Monetary stimulus perhaps not so fluid.
This is a liquidity trap. pic.twitter.com/3995GOelwU
— Otavio (Tavi) Costa (@TaviCosta) May 4, 2020
— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) May 4, 2020
Even before Covid-19 caused massive job losses (26MM), between 40-42 million Americans were already on Food Stamps (SNAP program) pic.twitter.com/K4Ydk6166y
— M/1_LP (@MI_Investments) May 4, 2020
— Alastair (@StockBoardAsset) May 3, 2020
AC
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