The median Manhattan rent tumbled 6.6% to $3,242, the first decline in 18 months and the biggest in data going back to October 2011. At the same time, the vacancy rate climbed to 3.67%, also a record.
Real Vision managing editor Ed Harrison hosts Real Vision's Tyler Neville to discuss the ever-expanding chasm in markets between fundamentals and flows…
"...seems far more likely that the social and economic fabric we live under will simply collapse under the weight of its own corruption, depravity, violence and sociopathic greed before 'the people' do anything particularly productive."
"If bond yields cant rise on strong data, it beggars the question as to what will happen when the economic surprise indicator begins to turn down again - as it will surely do."