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One economic indicator that is undervalued is highly negative

〇Housing indicators bode particularly badly for the economy. Confidence among home builders gauging market conditions for single-family homebuilding space has plummeted in the past few months as the housing market took a hit and now appears to be facing a recession. “The tightening of monetary policy by the Federal Reserve and the continued rise in … Read more

Two Charts Show Us What’s Next for the US Housing Market

This spring, the Fed wiped out its previous anti-inflation policy. Central banks put upward pressure on long-term interest rates, including mortgage rates, by signaling that short-term rates will rise soon. These mortgage rate spikes will depress both home sales and home construction. This reduces demand for commodities (such as wood and concrete) and durable goods … Read more