US Existing Home Sales are down sharply across all price
ranges... |
00:01 -
23/02/23 |
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The
median existing home sale price is down 13% from its peak.
After the last housing bubble top, prices fell 33%. The same
decline today would only bring prices back to Feb '20
levels, a reflection of the mania in the last phase of the
current bubble: a 40% increase in 2 years |
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Investors are betting the European Central Bank will raise
interest rates to all-time highs, spurred on by signs that
inflation will be tougher to rein in |
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Euro area PMI price pressure gauge continues to fall, now in
ECB easing territory! This time is very different though,
with lagged wage and price pressure in services still very
strong |
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Ireland’s central bank governor has defended the country’s
world-beating economic growth against accusations that it is
an artificial product of big US companies taking advantage
of Dublin’s low taxes |
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