No. 894: Economic- and Financial-System Conditions, May Household Income and Home Sales
U.S. Economy Is Turning Down Anew, Threatening Banking-System Stability,
Likely to Roil FOMC Policy, with Sharply-Negative Impact on the U.S. Dollar and
U.S. Equities, Spiking Inflation and Prices of Gold and Silver
Major Market Turmoil Increasingly Likely in the Near Future
Headline Economic Data in the Month Ahead Could Signal a
Day-of-Reckoning at Hand
Despite a Monthly Boost from Falling Gasoline Prices,
May 2017 Real Median Household Income Was Statistically Unchanged
Monthly New- and Existing-Home Sales Rose in May, Yet
Both Series Were on Track for Second-Quarter Contractions
May Existing-Homes Sales Down by 22.7% (-22.7%) and
New-Home Sales Down by 56.1% (-56.1%) from Pre-Recession Peaks