Trump Tanking Markets as U.S Existing Home Sales Tumble

[reagansghost]

https://finance.yahoo.com/news/u-exi...083748799.html

sign of the times

[dukkha]

interest rate hikes:

According to their latest figures, released last week, mortgage loan application volume jumped by 13.5% in the week ending 11th January, the gains coming off the back of a 23.5% surge the previous week.

The start of the year numbers were in stark contrast December and the last 2-weeks in particular, where mortgage applications had fallen by 9.8%.

[reagansghost]

OOOPSY!!!!

https://static.seekingalpha.com/uplo...-First-668.png

[PostmodernProphet]

Gosh, home sales went down in December, just before Christmas?.......I wonder if that's ever happened before.......

[canceled.2021.3]

yup it has nothing to do with rising interest rates

maybe the OP can point us to when Trump raised interest rates?

[evince]

the guy who predicted CORRECTLY the big recession in 2008 says we are headed into a recession



but you pretend he doesn't know anything huh

[Truth Detector]

https://finance.yahoo.com/news/u-exi...083748799.html

sign of the times

[evince]

https://www.msn.com/en-us/money/mark...cid=spartandhp

[evince]

All at once, storm clouds are gathering over the world economy.

The International Monetary Fund has cut its estimates for global growth in 2019, citing concerns about weakness in Europe. China just had its slowest GDP growth since 1990, and President Xi Jinping reportedly has held secret meetings warning Communist Party leaders to prepare for “black swan” events that could derail China’s economy.
In the U.S., the still-unresolved tariff war with China and the stalemated government shutdown may be having a bigger impact on the economy than many anticipated. Ian Shepherdson, chief economist of Pantheon Macroeconomics, told Politico’s Ben White that when the ripple effects of these big events are factored in, first-quarter U.S. GDP growth could drop to zero.
Still, economists overwhelmingly expect slower growth this year but no recession. More than half of those surveyed by The Wall Street Journal in January saw recession coming by 2020.
One well-known independent economist thinks it will happen even sooner—he’s looking for a global recession to start in 2019. A. Gary Shilling, president of his eponymous consulting firm, made two of the best contrarian calls of recent decades: he saw the mega-bull market in bonds at its very outset in 1981, and in the years before the 2008 financial crisis and Great Recession, warned repeatedly that the housing bubble would turn into a bust and would take the whole economy down with it.

[evince]

https://finance.yahoo.com/news/u-exi...083748799.html

sign of the times

The start of the year numbers were in stark contrast December and the last 2-weeks in particular, where mortgage applications had fallen by 9.8%.

[evince]

shut down