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:
Topics:
WARREN MOSLER considers the following as important: Uncategorized
This could be interesting, too:
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:
Topics:
WARREN MOSLER considers the following as important: Uncategorized
This could be interesting, too:
tom writes The Ukraine war and Europe’s deepening march of folly
Stavros Mavroudeas writes CfP of Marxist Macroeconomic Modelling workgroup – 18th WAPE Forum, Istanbul August 6-8, 2025
Lars Pålsson Syll writes The pretence-of-knowledge syndrome
Dean Baker writes Crypto and Donald Trump’s strategic baseball card reserve
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: