US November Pending Home Sales Crash (-38.6% YoY) As Fed Tightens And M2 Money Growth Grinds To A Near Halt

by confoundedinterest17

US existing home sales in November collapsed by -38.6% YoY as M2 Money growth runs out of gas.

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The above chart is similar to yesterday’s “Ski Slope” chart of US home prices YoY.

What will President Biden do about this dire situation? Our “Vacationer in Chief” is off on yet another vacation to St. Croix in the US Virgin Islands, so probably nothing. Now that Biden is sunbathing, what will his Treasury Secretary Janet Yellen do?

 

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