I'll play devils advocate a little here just to keep it real.
How can US rents go up, when acoording to that JR Consulting's (I think thats his name, the young guy with the beard who strolls around on footpaths whilst recording) house prices and consequently rents are crashing?
@Baron1
That fact the market jumps 5% or more on "good" employments figures (was it 200K), then ignores very bad employment figures (800K) a week later, show just how biased it is to the upside. Nothing will make thse Covid numpty traders ever believe that markets go down.
Until - I think - the nightly 6 oclock news gets bad. Pretty sure duing the GFC it was just non stop negative report after report. the whole news program was just endless doom and gloom about failing businesses, financial crises, and people out of work or losing their jobs. At that point the market makers must have found it impossible to spin any psoitive BS.
As far as employment in the US goes , it seems the workforce numbers has closely tracked the population. This is why our beloved ghub mints overirde your decision to not have children and bring in more immigrants to keep the economy going up and up. Never mind that the quality of these jobs is going downhill with shorter hours (full time transitioning to part time and also the gig economy aka forced self employment) and less security of tenure.
But the red line shows what has happened 4 or so times in the last 75 years, , EVERY time the Fed hikes quickly and then holds rates level for a year or more. Cant get a better recessionary indicator. I guess flat top haircuts will become popular again.
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