Posted on 06/29/2023 7:56:23 AM PDT by Kaiser8408a
Bidenomics? Yes, an economy where inflation crushes the middle class and low wage workers with 2 years of negative wage growth and now 24 or the last 25 months of negative growth rates of Pending Home Sales YoY.
After existing home sales were flat and new home sales exploded higher, pending home sales once again are the tie-breaker on May’s housing market (and were expected to decline 0.5% MoM). The actual print was considerably worse than expected, down 2.7% MoM (and April was revised down from unchanged to -0.4% MoM). Pending Home Sales were down -20.8% YoY in May.
This is not exactly surprising given that Americans have suffered from 25 straight months of NEGATIVE real weekly earnings growth.
“C’mon man! The Biden clan is getting filthy rich with foreign bribes! Stop the malarkey about Bidenomics being a disaster!”
(Excerpt) Read more at confoundedinterest.net ...
Plunged in May? But yesterday I read it soared in June. Wait a minute. We’re talking market economics. Meh.
biden cost my daughter her job as a senior vp in a mortgage company...at age 80.....two years before her planned retirement.
oops...at age 60...not 80...
Biden’s spending to buy the Green vote and increased transfer payments is crowding out productive spending in the private sector. Biden has the economic IQ of an amoeba.
Biden Trainwreckonomy is right on schedule.
Inventory hits record low - no houses for sale. That woudl do it.
80??? if shes 80...
Damn you were born before biden!
oh.. 60.. well still.. ;)
Look in blue states. They are everywhere..
even the red areas of blue states.
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