Also, why did Bernanke believe QE couldn’t commence without first getting to 0 in fed funds? @dampedspring
— S. Boz (@marketrundown) October 25, 2022
The mortgage refinance business has collapsed by 85% from a year ago, to the lowest level since the year 2000 🚨 🚨 🚨
Housing market is already mostly frozen.
Two more rate hikes will put it into a coma by December. 🐻😰 pic.twitter.com/6iFtkmwPVt
— Wall Street Silver (@WallStreetSilv) October 24, 2022
When US housing starts become housing stops…
As we head toward an all but inevitable recession due to restrictive monetary policy, inflation, and a credit cycle clearly at its end, it is likely that we see a meaningful slowdown in home building.$ITB seems vulnerable here. pic.twitter.com/ywqHXeQg4v
— Markets & Mayhem (@Mayhem4Markets) October 25, 2022
The Economist: A global house-price slump is coming