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US Existing Home Sales are down sharply across all price ranges...

00:01 - 23/02/23

 

 

 

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

 

 

 

 

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

 

 

 

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

 

 

 

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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