Fools rush in … or at least investors rush into the US housing market. Investors made up 17% of existing home purchases in October.
Inventory of homes remains depressed and with investors picking up 17% of homes for sale, the median price of existing homes rose to 13.1% YoY.
While existing home sales rose 0.8% MoM, they fell -5.79% on a YoY basis as M2 Money slowed.
President Biden has decided to nominate Fed Chair Jerome Powell for a second term in an effort not to rock the boat. Lael Brainard is nominated for Deputy Chair.
- Insanity – Dr. Fauci casually admits the vaccine was a worthless venture
- DTC Settlement Alert! Money Market Instrument (MMI) Issuer Failure (AGAIN) – HSBC BANK USA NA (MMB6). Is HSBC having problems?
- HIV Testing all over the news worldwide
- “You keep saying hard times and even collapse is coming, but it hasn’t happened.” Response: “It hasn’t. To you. Yet.”
- BIG HAPPENINGS INCOMING, EXPECT MAJOR SHAKEUP IN WORLD ECONOMY
- China mobilizes for WAR 3/1/2023
- Huge Protests in Dublin Against Mass Immigration
- ChatGPT: The stock market crash will begin on February 15th, 2023
- Looks like ChatGPT is gonna need to go in the shop for repairs – guy got it to admit everything.
- You May Want To Vomit After You Read About The Unspeakable Evil That Is Happening All Over America Right Now