Silver Report Uncut
May 15, 2021
There was an unexpected collapse in the Umich sentiment survey the preliminary May data dropped to 82.8 in May from 88.3 the prior month, that was well below even the lowest estimate in a Bloomberg survey of economists. The gauge of current conditions fell to 90.8, while a measure of expectations dropped more than 5 points to 77.6. Buying conditions plummeted as inflation fear grip consumers. It’s likely the rise in prices isn’t done yet as the drastic surge in shipping prices is going to pass through to consumers.
While homebuilder sentiment remains near record highs, home-buying sentiment has utterly collapsed as surging home prices have overwhelmed any benefits from low rates as urban exodus dominates local purchasing power. That is the weakest home-buying sentiment since 1983.
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2022 Dinar Chronicles