1. US rent inflation in Aug rose 0.7% per Labor Dept, biggest monthly spike since 1991, and along with foods and medical cost, keeping overall CPI at elevated level of 8.3%, core CPI rose 6.3% YOY
Whole sales PPI declined 0.1% MTM, up 8.7% YOY the slowest pace since last Aug
2. Hedge fund giant Bridgewater Co-CIO warned of global asset price could tumble 25% and a possible crushing recession where US will be at the center of asset bubble
3. A ConsumerAffair survey found 78% of American are expecting the housing market to crash soon, 63% said they want a crash, GenZ is the biggest group with such wish 3/4 plan to buy if market indeed crash 期待大跌乘人之危自己发财有点不太够厚道吧？！
4. Recent survey found 62% of local residents said they are pro-development, a big jump from 49% in 2020, a sign of NIMBYISM might be in decline
5. Yale Prof Shiller said Fed risks disgrace if it fails to get inflation under control, 但个人感觉，地缘政治和供应链瓶颈，不是联储局加息能左右的事
6. With CPI running , 10 year T jumps to 3.52% highest level since 4/2011, 75bps rate hike is pretty much baked in 看来联储局为了把通胀打压下去，房地产业做为collateral damage牺牲一下是在所难免的事啦！
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