Existing home sales, new home sales all decline, now housing starts decline, the worst since 2009. The NY Fed has lowered its estimate of the GDP and the Atlanta Fed is doing the same.
This economic indicator has been right 7 times in a row and now we are approaching another instance where this indicator is going to invert. If it does the US economy and the world economy will collapse on schedule.
The economy is breaking down at an extraordinary pace, and the Fed is pushing has hard as they possibly can to bring it down.