Pending homes sales decline, existing home sales decline and now new home sales decline 2 months in a row. The housing market is declining rapidly and if rates are pushed up once again the housing market decline will accelerate. Manufacturing is slowing in America. The economic indicators are signalling a recession, this is being done on purpose now while showing the economy is strong to blame the central bank. Loan demand has suddenly tumbles, this is an indicator that corporations are not borrowing which will effect business.
