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Mortgage purchase index, Saudi pricing

Summary:
You can see from the chart that growth of mortgage applications for home purchases has been near 0 for quite a while, and remains historically depressed. The lines zigging downward are Saudi initiatives to lower prices, and as price setter they will necessarily prevail for as long as they have excess capacity:

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You can see from the chart that growth of mortgage applications for home purchases has been near 0 for quite a while, and remains historically depressed.

Mortgage purchase index, Saudi pricing

The lines zigging downward are Saudi initiatives to lower prices, and as price setter they will necessarily prevail for as long as they have excess capacity:

Mortgage purchase index, Saudi pricing

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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