There’s a housing shortage until there’s suddenly a housing glut: see San Francisco et al.
As seen by indicators that have sprung up as a result of the Pandemic.
Under the effects of the Pandemic, consumers and businesses grapple with their own “Reset.”
Better produce a big-fat stimulus bill pronto and keep eviction bans and forbearance going, or else these companies will face economic reality.
Depicted by my 13 whiplash-charts.
Retail prices of used cars & trucks spiked most since 1969 despite lower sales and plenty of supply. Wholesale prices, after biggest spike ever, are already falling.
This stimulus economy is producing the weirdest effects.
But consumers again paid down their credit cards; let’s be honest, that’s abuse of stimulus.
Stimulus and bailouts had a huge impact, for those that got them, and for those that didn’t.
Income sags from eerie stimulus-spike. But consumers hadn’t spent all their stimulus & unemployment money, instead paid down credit cards & padded bank accounts. Now they’re drawing on them.