Dallas Fed survey, California home sales, Tariff exemptions

by WARREN MOSLER

Not good:

California Home Sales Slowest For An October In Seven Years

(Econintersect) California home sales fell year over year for the third consecutive month, hitting a seven-year low for an October, as affordability constraints and a more cautious stance by many would-be buyers continued to weigh on the market.

Interesting. Wonder if Agent Orange knows about this?

US grants nearly 1,000 exemptions from China tariffs

(Nikkei) The Trump administration has granted nearly 1,000 exemptions to tariffs on Chinese goods. The U.S. has imposed additional duties three times on $250 billion worth of Chinese goods as sanctions for alleged intellectual property theft. The USTR has received exclusion requests for items that meet certain conditions. The exceptions, made public on Saturday, apply to select products among $34 billion worth of Chinese industrial machinery and electronics parts that have faced extra tariffs of 25% since July. The USTR will continue to gradually announce the results of completed screenings.

 

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