55 years of M2 Money Supply growth.
What could possibly go wrong… pic.twitter.com/q5k8d24OyM
— Financelot (@FinanceLancelot) April 18, 2023
It's not the height but the speed of the change that matters.
rapidly reducing M2 causes a collapse in asset prices and speculation.
— Financelot (@FinanceLancelot) April 18, 2023
Dominos Falling? Brookfield Defaults On $161 Debt For DC Office Buildings t.co/CnMFDwZg4e
— zerohedge (@zerohedge) April 18, 2023
Update:
S&P 500
1929 vs 2023The S&P 500 index was officially created in 1957, but data from the predecessor indexes and companies it tracks goes back to 1871.
This data is compiled in the chart you see and represents an accurate picture of what happened back in 1929. t.co/YTvFkbMlKQ pic.twitter.com/8jwOsPD1UR
— Financelot (@FinanceLancelot) April 17, 2023
Housing starts plunge 17.2%, raising recession fears
The number of housing starts tumbled in March, an indication that the housing market is taking a hit and may be falling into a recession.
Housing starts measure the change in the number of new residential buildings that began construction. Starts fell 17.2% from March 2022 to this past month, according to a Tuesday report from the Census Bureau. They are now at 1.42 million. From February to March, they fell 0.8%.
Additionally, permits to build, which are seen as a proxy for future construction, decreased/increased by 8.8% in March.
“We expect choppiness for single-family construction in the months ahead, with the 2023 data posting significant year-over-year weakness before improving on a sustained basis,” said National Association of Home Builders chief economist Robert Dietz. “The multifamily market softened in March, and we anticipate ongoing declines for apartment construction in the months ahead due to tighter lending conditions in the commercial real estate sector.”
Banking stability worries go behind closed doors at IMF-World Bank meetings
Fun fact: When they intervened with Bear Stearns in 2008, the same weekend as SVG this year btw, $SPX rallied 14.5% and the $VIX got crushed from 36 to 16.
Everything was contained they told everyone. It wasn't. pic.twitter.com/hV7Hp0b4eR
— Sven Henrich (@NorthmanTrader) April 17, 2023
Everything is fine 🔥🔥🔥
Not a recession 🤨 pic.twitter.com/tSQIuTloOL
— Wall Street Silver (@WallStreetSilv) April 18, 2023