Today’s podcast covers the recent Fed rate hike and chairmen Powell’s statements. Fortune’s housing writer tweeted out that Jerome Powell sounded a lot like me with his talking points about the labor market and how healthy the consumer balance sheets look.
https://www.housingwire.com/podcast/logan-mohtashami-on-why-the-fed-is-using-housing-as-a-sacrificial-lamb/
I am no longer writing for my blog; all my work can be found at HousingWire; you can use my LoganVIP20 code to join HousingWire Plus. Also, I can’t join Twitter Spaces, a podcast, or an interview unless it goes through Press@HWMedia.com first.
I recently wrote about the Federal Reserve’s mindset on the labor market and how solid balance sheets look before the Fed meeting. The data in this article goes back 22 years to show you how we got here and why the Federal Reserve believes in a more substantial healthy consumer balance sheet.
https://www.housingwire.com/articles/what-happens-after-the-feds-rate-hike/
Regarding the labor market and how solid it is for now. Early on the recovery after a missed jobs report in 2021, I still stuck with my premise that all the jobs would be recovered lost to Covid19, but it will happen by September 2022. Also, job openings will get to 10,000,000. That was one of the more controversial calls I made during the Covid19 recovery. However, those who have followed my work over the years know that I am a big Job openings person.
Job openings today is still over 10,000,000.
https://loganmohtashami.com/2021/05/07/jobs-report-whiffs-but/
Of course, I endorse the housing reset because it was evident by the end of 2020 how unhealthy the housing market was. People have to remember that my price growth model set in stone 23% cumulative price growth for the years 2020-2024. If that level got smashed, I had no choice but to upgrade the unhealthy housing market of 2021 to the Savagely unhelahty housing market in 2022.
“We have always held to the hope, the belief, the conviction that there is a better life, a better world, beyond the horizon.” Franklin D. Roosevelt
Logan Mohtashami is a Lead Analyst for Housing Wire, a financial writer, and a blogger covering the U.S. economy with a specialization in the housing market. Logan Mohtashami, now retired, spends his days and nights looking at charts and nothing else