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
A quick note I sent today to close friends and family. pic.twitter.com/OReWa0j5jn
— Will Meade (@realwillmeade) May 3, 2020
Buffett the world greatest optimist and long only stock picker is hoarding cash and was a net seller of stocks during the most recent crash. I'll side with Buffett the world's best investor over the only lawyer Fed Chairman Jerome Powell. Buffett knows the Fed can only do so much
— Will Meade (@realwillmeade) May 3, 2020
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
— 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/I_Investments (@MI_Investments) May 4, 2020
— Alastair Williamson (@StockBoardAsset) May 3, 2020
AC