Further Proof That We Have Entered A Recession
The big news today was the 9 months’ supply of unsold new housing inventories in April, nearly doubling in the past year and classifying as a 2 SD event. Inventory excess is now at a level that in the past was consistent with a recession followed by a huge home price correction.
The Greatest Depression follows said “huge home price correction.”
Prepare accordingly.
And NEVER comply.
At this point, a Recession is INEVITABLE. I am not guessing here, I mean it.
1. When you have an official inflation of 8%, it really means that the real inflation is ~20%. Never believe in any statistics published by the government, they are all fake. e.g: when the unimployment is said to be 4%, the real figure is around 20-25% because if you are unemployed and are not on the unemployment insurance you don't exist!!
If you have lost your unemployment insurance after 6-18months and don't find another job you don't exist - you just vaporize!!!
2- When the inflation is the way it is today, the only way (I mean it) to bring it down is to reduce consumption. Increasing the interest rate is futile in this case. Reducing consumption means that corporations sell less. Well that means recession since their revenues are decreasing every quarter until the inflation is contained. Houses are the proof - nobody is buying and that's how you bring inflation down.
As simple as that!!!
Waiting for the same in canada....Assuming we can remove these WEF stooges...maybe our kids will be able to afford home ownership one day? Feeling white pilled today. The truth always prevails eventually, and evil will be crushed.