US November Pending Dwelling Gross sales Crash (-38.6% YoY) As Fed Tightens And M2 Cash Progress Grinds To A Close to Halt

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US present house gross sales in November collapsed by -38.6% YoY as M2 Cash progress runs out of gasoline. The above chart is just like yesterday’s “Ski Slope” chart of US house costs YoY. What's going to President Biden do about this dire state of affairs? Our “Vacationer in Chief” ...