Housing market is falling apart very quickly. Starts and permits tumbled YoY and we are now in stage 2 of the housing bubble. Once we hit stage 3 it is game over. The Fed is raising the interest rates, they know this will bring down the economy we are already seeing signs of the yield curve inverting, this is why the Fed has been removing data and changing data. The Fed's mission is to bring the economy down blame it on another person or entity, but they need to save the bonds, so bringing down the stock market will accomplish this. Russia is liquidating treasuries at a very fast pace. Powell says he sees no signs of the economy doing poorly, the only problem is what Trump is doing.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Thanks again, Dave. Thanks for keeping us informed.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great work Dave. The more they try and control the narrative the more it will fall apart.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
hi dave. i listen to every one of your reports including the spotlight.
I voted for you to be a witness on steemit. not sure if that does anything for you but hopefully it does.
i also really appreciate that you mention canada in your reports of the economy as canada and usa economies are closely linked.
i set your channel on youtube as a featured one on my channel too.
cheers!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
as long as they don't suddenly hike the interest rate it should be fine, housing inventory is quite low and the market is quite hot. The housing market far from being overheated or ready to collapse though, we aren't seeing people paying way too much for multi families to try to do condo conversions, that's when you know it's getting ready to shit the bed. When people start paying more for investment property than the property generates in income, when the rent rolls don't cover the mortgage, then be afraid.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great report Dave, thank you.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Its getting close to COMMUNIST HUNTING TIME . I wonder if we’re going to be required to obtain a proper license , or permit ❓ 😆
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit