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Wednesday, June 28, 2023

There Seems To Difficulty Reconciling A Recession With Home Sales Data -- June 28, 2023

Link here.

We're already in a "mild recession" -- Charlie Munger.

Today's story:

By the way, home prices? What are they doing? 

Glad you asked: since 2012! How many presidents have there been since 2012.

Well, with this data, maybe we are in a recession. But then there's that 1960s fixer-upper in / on Lake Tahoe (with not enough water to float a boat) going for $35 million.

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