Telegram Today! – June 18, 2022

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🔥

Biden falls off his bike.

So fake.

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🔥🔥

The Second Horseman: Civil War

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It’s going to be Biblical.

@luvinthisapp

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Housing Crash Imminent

– 30Y mortgage rates soaring at the fastest pace on record to above 6%

– Levels last seen just before the housing bubble burst

– The average mortgage payment on a median mortgage up by almost $800 in just the past 6 months

– Making housing the most unaffordable in history

– Sending new home sales plunging at the fastest pace since the peak of the covid crisishttps://www.zerohedge.com/economics/housing-crash-imminent-mortgage-rates-explode-price-cuts-soar-and-buyer-demand-collapses

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The infamous “Bullwhip effect” reversal is about to take place amongst a broad range of US retailers.

A “bullwhip” or whiplash effect violent swings in availability of goods until an equilibrium is eventually established

Current Inventory-to-Sales ratio amongst retailers are the highest levels since the bursting of the dot com bubble.

The Walmarts and Targets of the world are about to see a deflationary plunge the likes of which we have not seen since the global financial crisis as retailers commence a voluntary destocking wave the likes of which have not been seen in over a decade.

https://www.zerohedge.com/economics/deflationary-tsunami-deck-tidal-wave-discounts-and-crashing-prices

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