Category Archives: Uncategorized

In the last 3 months, Redfin, Bloomberg and Zillow see real estate down -1 to -2% this year…

Besides adp…see this from juggling dynamite… As Rosenberg Research pointed out yesterday, Friday’s NFP US jobs estimate of +139k in May came amidst downward revisions to the prior three months, totalling -187k. In other words, benchmarked off where we were … Continue reading →

Developers -off the record-confirm the earliest turn around 2030…AND negative equity households at 14% already

Quotes from book- Cycles of wealth are now much faster and more extreme. The rich are a new “Potemkin Plutocracy” and the important lessons and consequences are brought to light of day in this engrossing book. Not only do they … Continue reading →

Canada unemployment keeps rising… At the same time, US manufacturing activity contracted further in May to the lowest level since November. The Institute for Supply Management (ISM) purchasing managers’ index of manufacturing activity fell to 48.5 in May, from 48.7 … Continue reading →

Optimism of Nov-Mar is now over! Last year of claims link… https://fred.stlouisfed.org/graph/?g=1JuGf

Hoenig stated too much stimulus and QE created wealth gaps leading to 2016… https://www.politico.com/news/magazine/2021/12/28/inflation-interest-rates-thomas-hoenig-federal-reserve-526177 BUT be careful of perma bears who were wrong in Dec 2021- Lacy Hunt Juggling Dynamite and Rosenberg

Normally DHI would participate in a big rally with SPY. But it’s just a simple bear market as real estate worsens…

The rounding has favored 4.2 but the actual numbers are below… Based on last june a big jump is coming… Labor force has been shrinking and empl to population ratio has dropped to 59.7 same as Jan 2022…peak jobs was … Continue reading →

OECD quote…. You can’t trust these guys’ forecasts. Look how much the forecasts have dropped in just 2 month…-0.7% for US…