Landmark Capital CEO, David Fischer visits the Real Side Radio Show this week to discuss why home sales are down but consumer spending is up. This is unusual for these markets to be on opposite ends of the spectrum and David explains why.
Why is Consumer Spending Up When People are Reluctant to Buy Homes?
Listen to “The Real Side – Homes Sales are Down, Consumer Spending is Up.” on Spreaker.
– David appears @ 17:15
– Pending homes sales are down, the lowest since January 2015. In part because wages are not moving up.
– Conversely, consumer spending is up 1%.
– The replacing of assets from the hurricane damages are giving the economy a boost.
– The economy in the 3rd quarter grew 3%, ahead of schedule for President Trump’s plans.
-Trump has taken away some regulations that directly deter the government from getting in the way.
-History shows, if you take away regulations and lower taxes, and you will have economic growth.
-We’ll start to see China and Saudi Arabia getting chummy. This will affect international currency.