Egon von Greyerz: This implosion will be fast – hold onto your seats
The massive money creation in the 2000s has led to a debt and asset bubble, which is about to burst. Investors will be shocked by
The massive money creation in the 2000s has led to a debt and asset bubble, which is about to burst. Investors will be shocked by
Aside from the sheer magnitude of the spike, this was also the highest mortgage rate since collection of the daily data began in April 2009.
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?
Pieces of evidence are lining up in increasing density. Potential future homebuyers who need a mortgage have been thinning out for months. Today, another milestone:
There are curveballs in the present housing bubble as it rolls over that will cause the bursting of the bubble to be more fragmented with some rich corporate
It is happening again. More than a decade ago, we witnessed an absolutely unprecedented “housing bubble” in the United States followed by a horrific crash
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
The housing boom is over, and broader effects are beginning. The steep decline of mortgage applications due to rising mortgage rates and housing inflation means
When people tick off the components of the “everything bubble” they usually omit US housing, for a couple of reasons. First, bubbles don’t normally recur
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
The early stages of a housing bubble are fun for pretty much everyone. Homeowners see their equity start to rise and feel smart for having
Today’s Wall Street Journal is profiling an orthodontist who has $1 million in student loans, is paying less than the interest that’s accruing, and because
This cycle’s main bubble is in government bonds and fiat currencies, with a dash of large-cap tech thrown in for variety. But like a hurricane
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