China, Fauci And Home Prices? Mortgage Demand Plummeted With Covid As Federal Spending Soared (New Home Sales Declined 6.6% YoY In June)

#bubble, #inflation, Banking, China, CMBS, CRE, Credit, Economy, Existing Home Sales, Fed, GDP, Gold, Housing, Inflation, Mortgage, New Home Sales, Powell, REITs, Silver, SPX, Treasuries, Treasury, Uncategorized, Wages, Yellen, Yield Curve 1 Minute

China unleashed the Wuhan virus on the globe, Anthony Fauci convinced Congress to binge spend like drunken sailors on Covid prevention and relief. Homes prices soared, mortgage demand sank and nothing has been the same.

Here is a chart of the Case-Shiller national home price index post Covid outbreak and the hysterical overreaction by Congress and the Administration (including Anthony Fauci).

Another example? New home sales are down 6.6% YoY.

Who do we blame? China? Yes. Anthony Fauci? Yes. Congress? Yes.

Unknown's avatar

Published by confoundedinterest17

Published