The US housing numbers came in for Feb and not good, they were down over 7%. This is, of course, only one month, so not a trend.
In this video I discuss how this, coupled with the yield curve, which is worsening, is possibly signaling troubled waters ahead. Here we see how the equity markets (and crypto) can be at risk.
▶️ 3Speak
This is great. Right now BTC is $41,000, nasdaq is up 190 pts and Dow Jones is down slightly. That's is the state of the economy !
You think that is a reflection of the economy?
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I hope not. But with the war in Ukraine and inflation, people are just afraid to buy. They are selling for money, this is like a security !
and in the months prior to February, how the housing numbers were coming is a worrying drop or will it recover later
Yes well housing in the US peaked in June. That does not mean crash but it is a sign of things flattening out. There is a lot of other indicators that tell us things are not so rosy.
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BEER.Just wondering, but how does one fix an inverted yield curve? It just seems like the system is collapsing on itself and it is definitely going to cause a recession. I don't really think QE would be the solution so would it have to be the supply chain issues resolving themselves?
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