Sunday, June 8, 2025

More evidence that economists are more often wrong than right

 
Photo creditPinterest (BabaCam)
HeadlineNew York Times, 6/2/2025 (highlight added)


Ronda Kaysen reports:
Real estate agents across the country report a chilled environment, with sellers unwilling to lower their prices and buyers reluctant to make a big purchase as the economy flounders and the costs for a mortgage, insurance and property taxes rise. Even in markets where prices have fallen and inventory is piling up, like Austin, Texas, homes are sitting on the market for months. In fiercely competitive areas, like the New York City suburbs, where prices are still rising and homes sell fast, properties that would have gotten a dozen offers a year ago now get two or three.  [emphasis added]

Meanwhile, in TrumpWorld....
  


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May 2025

April 2025

March 2025
Hire a clown, expect a circus:  Trump Treasury secretary Scott Bessent (net worth: $521 million) sez “access to cheap goods is not the essence of the American dream"   (3/31)
Trump lackey Peter Navarro sez, "Trust in Trump."  Best not to take any advice from this clown..  (3/31)

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