US Housing Market at Historic Lows / Macro Stress
US pending home sales have hit an all-time low — worse than 2008 and COVID — as broader macro stress including Treasury yield pressure on FX and China's deflationary risk dominate global market sentiment.
What we know
An account on X flags that pending home sales have never been lower, generating 356K views. On the global macro front, another account on X reports GBP/USD dipping below 1.3400 ahead of UK inflation data, while another account on X notes higher Treasury yields supporting USD broadly. The @FT raises China's risk of becoming 'the next Japan' via deflationary stagnation. DRAM prices are rising ~20% QoQ in Q4 but that's a sharp deceleration from the 80% and 40% seen in prior quarters.
Sources
“China's nightmare: becoming the next Japan”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.