US New Home Buyer Traffic DOWN -64% YoY (Bank Deposits DOWN The Most Since 1973) – Confounded Interest – Anthony B. Sanders

Everything is NOT beautiful with the US economy.

Another crack in the dam (US economy) is buyer traffic for new homes. They are now down -64% since last year (YoY).

Of course, The Federal Reserve is removing its massive monetary stimulus. BUT commercial bank deposits have declined the most since 1973.