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Durable goods, housing permits, new home sales, consumer confidence

Summary:
No recession here: Permits for new home construction are down from the post-Covid bounce but remain above pre-Covid levels: New home sales recovering from rate hike fears and returning to pre-Covid highs, as in fact rate hikes increase gov deficit spending on interest expense paid to the economy, adding to incomes and spending:

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No recession here:

Durable goods, housing permits, new home sales, consumer confidence

Durable goods, housing permits, new home sales, consumer confidence

Permits for new home construction are down from the post-Covid bounce but remain above pre-Covid levels:

Durable goods, housing permits, new home sales, consumer confidence

New home sales recovering from rate hike fears and returning to pre-Covid highs, as in fact rate hikes increase gov deficit spending on interest expense paid to the economy, adding to incomes and spending:

Durable goods, housing permits, new home sales, consumer confidence

Durable goods, housing permits, new home sales, consumer confidence

Durable goods, housing permits, new home sales, consumer confidence

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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