The worst earnings recession since 2008 could hit stocks next year…Stocks are vastly overpriced – Investment Watch: Finance

Housing market is collapsing. Year-over-year, sales fell by 35%, the 16th month in a row of year-over-year declines. Compared to the recent free-money peak in October 2020, sales were down 39%

Economists Place 70% Chance for US Recession in 2023

The probability of a downturn in 2023 climbed from 65% odds in November and is more than double what it was six months ago, according to the latest Bloomberg monthly survey of economists. The poll was conducted Dec. 12-16, with 38 economists responding about the chance of a recession.

The median estimates see gross domestic product averaging a paltry 0.3% next year, including an annualized 0.7% decline in the second quarter and flat readings in the first and third quarters. Consumer spending, which accounts for about two-thirds of GDP, is projected to barely grow in the middle half of the year.

Home sales tumbled more than 7% in November, the 10th straight month of declines

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