Going Down! November’s UMich Buying Conditions For Houses Plunges To Lowest Reading In History (The Fed Giveth And The Fed Taketh Away) – Confounded Interest – Anthony B. Sanders

We’re going down!

November’s consumer sentiment survey from University of Michigan is one for the books. It printed at 33.0, the lowest in the history of the survey that goes back to 1977.

This chart shows how The Fed and Federal government threw trillions at the Covid economic shutdowns and the aftermath (green line).

BTW, the great blues tune “Going Down” was written by Don Nix of Alabama State Troupers fame.