21 Aug 2023
The US housing market affordability index is now ~10% BELOW the 2006 lows.
Even if prices fell 30%, housing affordability would still be above pre-pandemic levels. It’s a tough time to be a homebuyer in the US. Source: The Kobeissi Letter
21 Aug 2023
US real yields are at a 14-year high
Source: BofA
21 Aug 2023
This is the largest short position ever in the US Treasuries 2 year note
Source: ISI chart
21 Aug 2023
China is more dependent on real estate than any other country
Almost 30% of Chinese GDP dependent on #realestate combined with 50 million vacant apartments is a dangerous mix. Source: FT
21 Aug 2023
A public library made up entirely of books once destined for landfill. 🙌🏼
Source: Daniel Abrahams
21 Aug 2023
How all 3 Financial Statements Connect
by Josh YourCFOGuy
21 Aug 2023
Here's a chart comparing bitcoin liquidations on Thursday versus the FTX collapse in November 2022.
This feels like yet another sign of the drying #liquidity markets we have seen over the last few weeks. Source: The Kobeissi Letter
21 Aug 2023
Active vs. passive management
source: Brian Feroldi
