America’s wake-up call: Home ownership slumps to 48-year low; Median asking rent soars; Durable goods down; Core CapEx plunges

Big government central planning continues to bear sour fruit.  .

Reports courtesy of ZeroHedge:                                                                                 US Middle Class Stays Dead: Homeownership Drops To 48 Year Low; Median Asking Rent Soars To All Time High

Submitted by Tyler Durden on 07/28/2015 – 11:17

Earlier today, the US Census released its latest homeownership data, which confirmed that for what is left of America’s middle class, owning a home has become virtually impossible, with the homeownership rate plunging from the lowest level since 1986, or 63.7%, to just 63.4% the lowest reading since the first quarter of 1967.  And the punchline, which should come as no surprise to anyone: with housing no longer affordable to most, the median monthly asking rent just rose to a record $803 across the US.

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US Recession Imminent – Durable Goods Drop For 5th Month, Core CapEx Collapses

Durable Goods new orders has now fallen 5 months in a row (after revisions) flashing a orangey/red recession warning. After 2 weak months, Durable Goods bounced more than expected in June (+3.4% vs +3.2% exp) – though non-seasonally-adjusted dropped 3.1% MoM. There was an  unexpected drop in Capital Goods Shipments non-defense Ex-Air which fell 0.1% (against expectations of a 0.6% rise), but mosty worrying is that Core CapEx collapsed 6.6% YoY – the second biggest decline since Lehman.

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America cannot afford to continue trudging along with the big government central planning status quo – commanding servitude and shackling productivity and innovation.

We need a ground-level economic system in which citizens allocate resources. We need an economic plan that grants U.S. citizens the same access to liquidity that was provided to Wall Street’s financial sector and global banking magnates during the 2007-10 financial crisis.

America needs to decentralize and restore economic liberty for its citizens.

Europe and South America need that same type of plan.

The clock is ticking…

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The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                  The Leviticus 25 Plan 2015 (1058)

 

 

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