Dazed And Confused! Existing Home Sales Rise 11.5%, Highest Since 2015 As Interest Rates Decline

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

As the US yield curve starts smelling like recession,

Liquidity moves markets!

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February existing home sales rose 11.8% MoM in February.  As rates decline because of recession fears in the US and Europe, the outlook for US housing improves … in the short run.

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The housing market is dazed and confused by Fed policies.

Talk about dazed and confused, President Trump is thinking of nominating Stephen Moore for the Federal Reserve Board of Governors. How about a serious economist like Stanford’s John Taylor of The Taylor Rule fame?

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