US Pending Home Sales PLUNGE -22.5% YoY In August As Fed Continues Panzer-like Assault Against Inflation And Consumers

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The scalding inflation rate crippling middle class Americans and low-wage workers is causing The Federal Reserve to take action by finally tightening their monetary policy.

As such we are seeing a rapid decline in the US housing market in terms of sales. For August, pending home sales declined -22.5% YoY as expectations of further Fed rate hikes (blue line) soars. Note that impact of The Fed’s and Federal government “sugar rush” after the Covid outbreak in early 2020 and its impact on pending home sales.

Without the “sugar rush,” pending home sales are dying.

Speaking of a sugar crash, risk parity ETF is down 32% from high.

The culprit? The Federal Reserve’s Panzer onslaught! With its leader, Heinz Wilhelm Guderian Jerome Powell.

The Dow is up 500 points today on the expectation that The Fed will stop tightening in the face of global chaos.

As UK 10yr yields fall -50 BPS!! And US T-10 yield drop -20.8 basis points.

Here is a photo of The Federal Reserve attacking American consumers to reduce inflation caused by Biden’s green energy policies and insane spending by Biden/Pelosi/Schumer.

Will Janet Yellen and Jerome Powell be awarded Panzer assault medals for 1) leaving monetary stimulus too large for too long then 2) suddenly tightening stimulus?

Published by confoundedinterest17

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