Dazed And Confused! Existing Home Sales Rise 11.5%, Highest Since 2015 As Interest Rates Decline

As the US yield curve starts smelling like recession,

recess

February existing home sales rose 11.8% MoM in February.  As rates decline because of recession fears in the US and Europe, the outlook for US housing improves … in the short run.

ehs.png

The housing market is dazed and confused by Fed policies.

Talk about dazed and confused, President Trump is thinking of nominating Stephen Moore for the Federal Reserve Board of Governors. How about a serious economist like Stanford’s John Taylor of The Taylor Rule fame?

trrudxe

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.