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Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And how it compares to what happened during the Financial Crisis. The goods-based segment of the economy is heading for rough waters, and it is further … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “In 30 years, I’ve never seen anything like this”: CEO of warehouse operator Pacific Mountain Logistics. Sales at merchant wholesalers (except manufacturers’ sales branches and offices) fell … Read more
via Zerohedge: After NAHB’s optimism rebounded sharply earlier this week, all eyes are on this morning’s existing home sales data for any signs of optimism. Alas, with consensus expecting a … Read more
US crude #oil inventory report was quite bearish, with biggest weekly stockpile increase since early 2017@EIAgov @Investingcom @SoberLook pic.twitter.com/T8TShDeJSs — Liz Ann Sonders (@LizAnnSonders) November 17, 2018 Home builders dropping … Read more
via UPFINA It seems like almost every new data point on housing shows weakness. That’s because even though millennials are entering their prime age for home buying, starter homes have … Read more
via zerohedge: This is how housing markets turn. Slowly, then all at once. Seven years of Seattle home prices outpacing wage growth because of low rates; bidding wars replaced by sales … Read more
Do you think that Canada’s real estate is too expensive? Or should we just take off to our igloo’s, eh?
via confoundedinterest: Since 2007, the inventory of existing homes sales has generally declined while median prices have skyrocketed. And home price growth has been exceeding wage (earnings) growth by around 2x-3x. … Read more
Even the cheapest homes are waiting for buyers Units for less than $1 million — within reach of far more people than a Billionaires’ Row penthouse — are hurting for … Read more
by J. D. Martinez D., The Organic Prepper Something has been happening in Venezuela these last few days: the seizing of cattle, food, and staples from the production sites, by … Read more
by Dave Kranzler of Investment Research Dynamics The National Association of Realtors released its monthly “Pending” home sale report for April this morning. It fell 1.3% from March. The Wall Street analytic “brain … Read more
by WARREN MOSLER Still elevated: Didn’t take him long to sell out: Federal tax refunds have caught up which may have slowed spending in Feb:
by: Vicki Batts (Natural News) Millennials around the U.S. have garnered a reputation for their aversion to the American ethos of hard work and pulling yourself up by your bootstraps. … Read more
by DCG From Daily Mail: Whole Foods has implemented a strict new inventory management system that includes bi-weekly walk-throughs and random quizzing of employees, and has left many workers feeling stressed out and … Read more
by Anthony B Sanders December existing home sales, according to the National Association of Realtors, fell -3.6% from the previous month. This was worse than the expected -1.9% decline. But … Read more
by Umar Farooq Almost a decade after the peak of the American real estate bubble, there’s no shortage of fear that we will repeat the whole nightmare again. Housing … Read more