Posted on 08/31/2023 5:34:07 AM PDT by Kaiser8408a
Another economic report on Bidenomics. This one is for housing.
Realtors Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – rose 0.9% to 77.6 in July. Year over year, pending transactions fell by 14.0%. An index of 100 is equal to the level of contract activity in 2001.
Combine that with crashing M2 Money growth (lowest since 1933 and The Great Depression (and The Dust Bowl). The difference is that the US had the soothing talks of Franklin Roosevelt “I can assure you that it is safer to keep your money in a reopened bank than under the mattress.” —President Franklin Roosevelt in his first Fireside Chat, March 12, 1933. Unfortunately, we have Joe Biden, the WORST public speaker in history and a completely unempathetic person.
Instead of Sleepy Joe, Middle Class Joe, Corrupt Joe (sounds like Cuppa Joe), and any of the multitude of unflattering nicknames, we now have REVEREND JOE.
(Excerpt) Read more at confoundedinterest.net ...
It’s “Climate Change.”
The plan is working.
All by design, Comrade. All. By. Design.
I keep hearing from Democrats that “Bidenomics” is working - yet my grocery bill, utility bill, $5.00+/gallon of gas and MANY MANY empty businesses in my town say otherwise.
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