Shelter Inflation Hits Record High As Americans' Real Wages Drop For 32nd Straight Month
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Talking about 3%. some people locked in at sub-3%, at lower than 3%, so this is part of the reason home sales are falling. if you have locked in at 3%, at 2%, why would you sell in this market? home prices, by the way, still higher than a year ago, and that's partly because in addition to the mortgage rates, you don't have a lot of supply. so it's a really tough time to buy a house, also not much easier to rent because rent inflation. >> everything is going up. in two weeks when we see this decision from the fed, we could see mortgage rates climb even higher after that. >> they are expected to...
It speaks to a disaffected anti-government section of their base. and frankly, there's not a lot else they see in terms of great opportunities to make political hay of in the inflation reduction act. a lot of the other items like empowering medicare, this potpourri of tax credits for health care and clean energy, those are pretty popular. >> we'll have to leave it there. thank you. still to come, homes are selling at the slowest pace since 2015. are we heading for a housing recession or are we already there? at the same time, rents are soaring. this headline from the atlantic says it all. wh...
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Bath in november. >> off this one issue. harold, let me go through the executions. n't inflation is transitory, the broken supply chain. it's a good thing, i think jen psaki tried to tell us, now it's putin. will he pull off these excuses? >> i don't know, i'm not sure any of us believe that vladimir putin is not a big reason for some of the challenges we have globally with prices going up and recessionary pressures affecting other parts of the world. is it all about -- did this problem exist before putin? of course it did. no doubt we were facing inflation. and this problem has complicated th...