Fire! U.S. November Housing Starts RISE 11.8% MoM (Powell Is The God Of Hellfire!)

#bubble, #inflation, Bernanke, Economy, Fed, Housing, Inflation, Mortgage, Powell, Treasuries, Treasury, Uncategorized, Volatility, Wages, Yellen 1 Minute

Fed Chair Jerome Powell is the God of Hellfire!

The Federal Reserve’s massive stimulus combined with Federal spending has led to US housing starts rising 11.8% in November. Housing starts remain elevated compared to pre-COVID levels.

1-unit starts rose 11.29% while 5+ (multifamily) starts rose 12.1% in November. All areas in the US saw growth except for the Midwest where starts fell by 7.27%.

Yes, with Powell leaving rates untouched … again … in The Fed’s effort to … not scare markets. Inflation be damned. Powell is the God of Hellfire!

Published by confoundedinterest17

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