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Message Subject
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War and Covid are the excuse for the coming financial collapse
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Poster Handle
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Anonymous Coward |
Post Content
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"Rabobank: Michael Burry Warns That The Economy Looks Like A House Of Cards... And He Is Right The data that got some heads, and markets, turning yesterday was US new home sales, which slumped 16.6% m-o-m and 26.9% y-o-y to a seasonally adjusted annual rate of 591,000 in April, the lowest level since April 2020. Economists had expected a figure of 748,000. Yes, this is always a very choppy series, but the drop was widespread: -5.9% in the Northeast, -15.1% in the Midwest, -19.8% in the South, and -13.8% in the West." [ link to www.zerohedge.com (secure)]
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