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Gregory Mannarino @marketreport
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There's more for sale signs popping up in our area it seems like every day. I was talking with my brother -in-law today, who sells used cars, and he said right now the market is being flooded with repos. The auctions are over flowing with inventory and it's really forcing the prices down. The signs of an economic slow down are all over.
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I don't wish anyone to lose money nobody does but I'll be glad when the metals correct to fair value, cheers for another great video. Thanks mike
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Who will end up owning most of the foreclosed properties? The Federal Reserve Bank or the US Government?
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Your question makes me wonder: Will they even have enough QE or helicopter money or (fill in the blank) to do another massive effort like that?
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why are new homes built anyway? So they can be empty? nonsense.... This is same thing happening as in China
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My thoughts exactly. There are loads of homes for sale around here, and there are new homes popping up like mushrooms. Something isn't right here. I would think folks might want to get into house in short order...before interest rates go vertical.
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It never ceases to amaze me how very simple and obvious the train wreck that is coming towards the people is to see. No different than looking at a radar screen and seeing a storm coming. A storm that is going to decimate a lot of people. You can show them with something as simple as the white board behind you and actually draw them a pretty picture of what is coming, Yet they refuse to see or believe what they are shown right in front of their eyes. It breaks my heart knowing how hard many people are going to have it and how deeply they and their children are going to suffer. When they do not even have to get into the more complex things of the financials. At the bare minimum buy a few silver dimes every time they have a few extra bucks. To save their families from the brunt of the storm..Yet they go on like There is never going to be another storm...
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And stash some canned goods as well. I agree, this parade can't keep going and going. Something is going to give out.
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That is so funny Gregory! Bernanke was just giving the banks time to adjust their positions with his idiot gum-flapping. Didn't work very well, but it helped, I suppose.
The Fed never gets it right. True. But how much of that is intentional, and how much is incompetence?
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Thanks for the education.
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Haha love the teachers board behind you. Teaching the children the truth of the world.
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Nice video and totally agree,the real estate market is fucked.
Thanks for sharing.
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great post & video , thank you for the advice
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Thank You Greg, I think your right, a lot of these big players are leaving the market.
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Thanks Greg. Any opinion on the whack a mole like gold silver price?
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New to Steemit. Does Mr. Mannarino reply to comments posted here? I'm wondering what he thinks about the news this morning that the SEC suspended trading rights for an OTC Canadian company called First Bitcoin Capital Corp. The reason given was something about not being transparent enough concerning "assets." This was after a 6.000 % rise in their stock value. Isn't this really just further government efforts to try to stop the rise of cryptos?
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hey thanks for that info, I've been watching that stock recently. Cheers to the rise of the cryptos
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Hey Gregory, I followed you here from youtube. But this video is actually playing on youtube. So, if youtube shuts you down...what good is this Steemit site...other than for text posts...? I noticed "usawatchdog" has an account here on Steemit, but no posts ( followed him just the same, out of respect). I just don't see this site as an alternative to youtube. Maybe someone can enlighten me? Thanks for service Gregory.
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Well, now we know the answer.
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When this bubble does pop, would we then see a rise in the cost of rent?
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Great
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I shared this video on my Facebook.
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This post has been ranked within the top 50 most undervalued posts in the second half of Aug 24. We estimate that this post is undervalued by $21.05 as compared to a scenario in which every voter had an equal say.
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People can't live on the streets. Be a landlord!
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