Pending homes sales decline, existing home sales decline and now new home sales decline 2 months in a row. The housing market is declining rapidly and if rates are pushed up once again the housing market decline will accelerate. Manufacturing is slowing in America. The economic indicators are signalling a recession, this is being done on purpose now while showing the economy is strong to blame the central bank. Loan demand has suddenly tumbles, this is an indicator that corporations are not borrowing which will effect business.
Great work Dave. Businesses will start to close even more frequently now. The housing starts will collapse, and then bank loans will default.
I'm good, I have like 100 rolls of toilet paper. If there is a little market correction, even if people are screaming it is the end of days the best thing to do is just HODL, you only lose if you buy high and sell low. I think a lot of manufacturing is holding back to see what will become of the trade war.
Q only has to the end of the year to prove itself ❗️
cheers to economic cycles and getting prepared for them
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