Hes saying most metrics are deflating, with accomodation holding...

Hes saying most metrics are deflating, with accomodation holding up the inflation rate.

However that contradicts what Revenue Consult is saying on his video here (I think soemone posted it the other day) Best vid Ive seen form this guy, very interesting if you follow Real Estate. He is saying in specific US regions theres big reductions happening. You do NOT get house prices tanking in a strong economy - this indicates the economy is losing steam and confidence in it is waning.

Florida is basically the Gold Coast of the USA, so that would be the last place you'd expect prices to fall, but look at the house at the 0:50 mark, at USD$360K that looks to be a nice beighbourhood, and lok scheap to me as houses like that are selling for AUD800K out where I live (country bogan heaven). This shows to me we are waaaaaay overpriced even compared to America. Both US and Oz suffer chronic accomodation undersupply - insufficent builds for 10 years+.



So looks like housing bust is leading the yet to be announced recession in the USA. Because as usual, our beloved ghub mints are last to know. Businesses know first, stock market knows second, abd your ghubmint knows third and last. So why wait for advice from those clowns?

Also quite remarkable, with Oz media being so US-centric these days, yet they are quiet about all this. Guess they dont wanna spook the locals?