by Boo_Randy
#HousingBubble #housing – "Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market as hedge fund manager of The Big Short fame warns 'It's like watching a plane crash'" t.co/6tFPIvWj05
— TraderStef (@TraderStef) May 28, 2022
- More than 20% of homes for sale in Philadelphia, Boise, New Orleans and Sacramento had their prices reduced in April
- Michael Burry, of ‘The Big Short’ fame, compared the slowing housing market to 2008 saying it’s like ‘watching a plane crash’
- This week mortgage rates reached a 13-year high of more than 5%Β
- One economist said that house prices could drop as much as 40% during the summer of 2022Β
$spx PER ratio pic.twitter.com/W6Wguwg3Dh
— Γlvaro Oviedo πΊπ¦ (@alvoviedo) May 29, 2022
High-yield Corporate bond spreads continue to rise.t.co/I8jcAcBJfq pic.twitter.com/rGat4t3rMK
— π³π°πΈπ»π πΌπ°ππΊπ΄π πΏπΈπ²ππΎππΈπ°π» (@MarketPictorial) May 29, 2022
$spx high yield spread pic.twitter.com/EMWP3Fzdh4
— Γlvaro Oviedo πΊπ¦ (@alvoviedo) May 29, 2022
$spx high vs low stock pic.twitter.com/Le0OTRMDAA
— Γlvaro Oviedo πΊπ¦ (@alvoviedo) May 29, 2022
Interest rates lead: USA or China, A post from Untying the Godrian Knot
China bottlenecks will be corrected in the coming months but will leave a lasting mark
The peak inflation and the rate reversal calls may be premature— Sunil Beri (@sunchartist) May 29, 2022
The analog with 2008 for the #sp500 today also continues to work pic.twitter.com/4Hlihpqbb9
— Michael J. Kramer (@MichaelMOTTCM) May 28, 2022
Global π Growth Optimism @SoberLook pic.twitter.com/GTAF6EoyFH
— Win Smart, CFA (@WinfieldSmart) May 20, 2022
University of Michigan consumer sentiment close to all time lows. pic.twitter.com/Tk2ux6LEnb
— David P. Goldman (@davidpgoldman) May 27, 2022