Mike McGlone on LinkedIn: #housing #commodities #macroeconomic
Housing Domino Could Tumble With Commodities - A top reason the US economy has stayed resilient in 2023, despite aggressive rate hikes, may be the swift spike…
Mike McGlone
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"Housing Domino Could Tumble With Commodities -
A top reason the US economy has stayed resilient in 2023, despite aggressive rate hikes, may be the swift spike in home prices and related wealth effect, which history shows risks reversion. Up 41% to the 1Q22 peak since 2019, US M2 money supply has never jumped as fast, and our graphic depicts the corresponding spike in the FHFA house price index in terms of disposable income per capita."
The full report is on the Bloomberg terminal here: https://blinks.bloomberg.com/news/stories/s4iv45t1um0x
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Bloomberg Intelligence
#housing #commodities #macroeconomic