Slower new home sales push inventory/sales ratio up to 10.9 months of supply in July. Inventories typically lead unemp -> unemploy rate could be more than 5% in 18 months’ time. NOTE TO SELF: HOUSING IS!!! THE BUSINESS-CYCLE
ft.com/content/8a1437… https://t.co/LgrnL3Pvei
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…