Housing market is in a 'deep freeze,' says Moody's Analytics Mark Zandi (youtube.com)
Pending home sales are record low. Origination volume.
If somone sells now, they sell their home with a mortgage of 4% and buy a home with 6%. It doesn't make economic sense. Under 6% or like 5% and things are expected to normalize.
GDP now tracking at 1% GDP growth (3% in recent years).
How can businesses continue to plan and do business if they don't know what tariffs, how much, what countries, what products, how high? Also, since the tariffs are executive and not legislative, they can bounce back and forth at a moments notice. Doing business decisions, you measure cost of capital versus a calculation of future earnings, but all the values in future earnings are uncertain.
It may turn out that Trump was expected to be great for business and that he watches the stock market, people think he measures himself against it. But it might turn out he doesn't make corporations easier and richer to run, but instead does the real ‘prosperity’ thing of distributed benefit of government.