That Bidenflation is really hurting Americans.
Start with the UMich Buying Conditions for Houses. It “rose” to 83. Unfortunately, 100 is the baseline and any number below 100 is bad. The reason? The massive increase in US home prices since 2020.
subscribe and donate to support us!
See also Memorial Day barbecue 'essentials' have JUMPED 28% since last year. Even long weekends getting squeezed by inflation.
But retail sales are hurting thanks to higher prices. Retail sales less food services and auto are DOWN 3.1% MoM.
Meanwhile, US industrial production fell to -0.3%.