Cristian deRitis

Deputy Chief Economist at Moody’s Analytics

[Cristian deRitis @MiddleWayEcon]

The podcast then turns to a discussion of whether the worst is over for the troubled single-family housing market. Our podcast guest is Lance Lambert, the real estate editor for Fortune.

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https://t.co/YHze2eBHn5

[Cristian deRitis @MiddleWayEcon]

💸🏠Healthy Inflation, Unhealthy Housing

Inside Economics Podcast Ep 120

The stellar June U.S. CPI inflation report is top of mind for hosts Mark Zandi, Cristian deRitis and Bernard Yaros Jr. The report arguably could not have been better, as the conversation makes clear.

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[Cristian deRitis @MiddleWayEcon]

Moderating inflation in November's CPI report is encouraging but we aren't out of the woods yet. The Atlanta Fed's sticky-price inflation measure has yet to peak suggesting headwinds to get inflation down to 2%.

[Cristian deRitis @MiddleWayEcon]

Another sign household finances are getting stretched: hardship withdrawals of 401(k)s are at an all-time high

[Cristian deRitis @MiddleWayEcon]

A large divergence between the Conference Board's Consumer Confidence Index and the University of Michigan's Consumer Sentiment Index has presaged every recession since 1990.

The difference today is near a record high @Markzandi

[Cristian deRitis @MiddleWayEcon]

Another key recession indicator is on display in the men's fashion department. Economic folklore holds that ties getting skinnier during economic downturns.
Something to consider @Markzandi

[Cristian deRitis @MiddleWayEcon]

The sharp decline in pending home sales points to more housing market weakness ahead. Down -37% yoy 😳Time to reconsider recession odds @Markzandi ?

[Cristian deRitis @MiddleWayEcon]

Great webinar this morning with my #InsideEconomics cohosts on the question of "Is Recession Inevitable?" (https://t.co/oZYP3wIQBa)

Hard to ignore this chart

[Cristian deRitis @MiddleWayEcon]

💸✔❌

Inside Economics Podcast: Episode 84—Inflation and the Midterms

Will the Fed keep rates higher for longer?

https://t.co/bwJAPNWnbt

[Mark Zandi @Markzandi]

Wondering what the midterms mean for the economics of it all? Tune in this Friday as we break down the economic implications of a new Congress.

@MiddleWayEcon @DanWhiteEcon

https://t.co/1cvPPxDEtN

[Squawk on the Street @SquawkStreet]

.@MoodysAnalytics Chief Economist @Markzandi reacts to JOLTS data that's rattled the markets, with job openings surging in September despite the Fed's attempts to cool the labor market.

@davidfaber @carlquintanilla @MorganLBrennan

[Mark Zandi @Markzandi]

WATCH on #InsideEconomics: Mark Obrinsky of @ApartmentWire comments on what drove the tight housing market in the summer of 2021.

@MObrinsky: “We haven’t produced anywhere near enough housing, of any type, pretty much anywhere in the country.”

https://t.co/FMdwhFui4T

[Lance Lambert @NewsLambert]

When you see a "peak-to-trough" U.S. home price decline forecast, keep in mind the model varies a lot by market.

@MoodysAnalytics predicts a -10% drop in U.S. home prices.

In Boise, Moody's predicts -23.3%

In Chicago, Moody's predicts -3.6%

[Lance Lambert @NewsLambert]

#NEW Moody's Analytics provided @FortuneMagazine its revised metro-level housing forecast.

Peak-to-trough, @MoodysAnalytics expects 196 markets to register a 10% home price correction.

Peak-to-trough, @MoodysAnalytics expects 11 markets to crash 20%. https://t.co/HXwzgDhF1I

[Mark Zandi @Markzandi]

We just calculated our repeat sales national house price index for September - it fell 0.6% from August and 6.3% annualized from the peak in July. Prices for homes in the bottom 1/3 of the market are holding up better than the rest of the market. September metro HPIs coming soon.

[Cristian deRitis @MiddleWayEcon]

@RealTime_Econ @Markzandi @economics_ma We will miss you, Ryan! In your honor we asked the 10y/3m yield curve to invert. It was happy to oblige:

[Cristian deRitis @MiddleWayEcon]

@Markzandi @RealTime_Econ It's been a great pleasure working with you Ryan. Your insights into the nuances of unemployment insurance claims and other economic indicators has been educational along with your encyclopedic knowledge of sports movies and memes. I look forward to continuing our debates!

[Mark Zandi @Markzandi]

It was even more fun the second time around to have our buddy @Aarondklein on the Inside Economics podcast. In this episode, we get into threats to the global financial system and discuss if central banks can avoid breaking something.

https://t.co/BUpuKdykLv

[Cristian deRitis @MiddleWayEcon]

ICYMI the Biden administration released an update on its Housing Supply Action Plan. Good initiatives but the key remains zoning reform with some near term opportunities to reactivate vacant properties.

https://t.co/3ymXSE0PMO

[Cristian deRitis @MiddleWayEcon]

@Markzandi Good report? Bad report? Lots of good discussion and honest debate on the podcast. I really hope you're right on this one.