Oh the economy is 'booming'. Riiiiight. - U.S. Home Sales Plummeting
The U.S. housing market is crumbling--a worrying indication that an economic catastrophe could be brewing. Yet, nobody seems sure why this is happening in an economy that remains hale and hearty by most measures.
But don’t rush to your banker just yet hoping to get an easy deal. Rejections for mortgages and refinancing applications have, unfathomably, shot up to record levels.
This is a classic case of real world (nobody has money) versus media propaganda (the economy is great) colliding head-on! - Mike Rivero