Biden/Harris-illusionomcs! Pending Home Sales All-time Low While Consumer Spending Is Just Government Handouts

CMBS, CRE, Credit, Economy, Existing Home Sales, Fed, GDP, Housing, Inflation, Mortgage, New Home Sales, REITs, Treasuries, Treasury, Uncategorized, Yellen 1 Minute

We’ll be fooled again by Harris/Walz??

The Biden/Harris illiusionomics was built on false hoods.

Look at pending home sales, now the LOWEST in history. The midwest led the decline in PHS at -7.8%.

Why? One reason is the illusion of a growing economy … that wasn’t growing organically. It was just Biden/Harris doling out trillions in handouts. Trillions of dollars in annual “consumer spending” is actually just government handouts being spent by people – it’s increased every month this year:

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