“John: I feel so optimistic. How do you feel? Charlie: I’m fine. John: Fine? You know what “fine” stands for, don’t you? Charlie: Yeah, unfortunately.
Originally posted by John Rubino on his substack: Signs are multiplying that the US housing bubble is about to pop. To start with the headline
The hardest part of writing this kind of post is sorting through all the red flags. There are just too many these days. So here
Guest post by Wolf Richter from Wolf Street: Raging inflation knocked out the “Fed put,” and banks are no longer on the hook for mortgages;
Doug Noland’s review of what he calls: “Epic Monetary Disorder”. posted by Doug Noland on the CreditBubbleBulletin: Wednesday’s CPI release was telling. July consumer price
Here’s one for the “they never learn” file. It seems the home affordability index in June posted at the worst level in 33 years. posted
Byron King announces a new gold rush in the heart of the Yukon. posted by Byron King on InvestorIntel: If you follow the gold exploration
‘Market has Best Month!’ Could that be one of the stupidest headlines you’ll ever read? posted by Karl Denniger on The Market Ticker. That headline,
During the Roaring Twenties would anyone have believed you if you told them about the depression and the dust-bowl years that were soon to come?
Editor’s note: I’m including this older article by Wolf Richter today because it helps explain why today’s CPI does not reflect soaring rent increases that
Since we’re in the “everything bubble,” it kind of follows that real estate — one of the things about which people with more money than
It seemed like such a good idea at the time. Airbnbs were the next wave in hospitality, taking market share from hotels and motels and
You’d think the previous decade’s housing bust would still be fresh in the minds of mortgage lenders, if no one else. But apparently not. One
Housing bubbles proceed in fairly predictable stages. Stage One is long and (initially) slow, fueled by excess central bank money creation or foreign demand or
Home prices are still rising pretty much everywhere in the US, with California as usual leading the way. State-wide, the median CA home is now
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