Category: #bubble

Housing Bubble Part Deux! Home Price To Median Household Income Now Higher Than During Catestrophic Home Price Bubble Of 2005-2009 (Job Losses Primarily Women)

Yikes! The ratio of US Home Prices to US Median Household Income is now higher than the ratio during the catestrophic housing bubble during the latter half of the 2000s.

Here is a chart of home prices and median household incone,

The labor market is truly screwed-up. The December jobs report reveals that women account for nearly all labor force losses.

I Ain’t Drunk! Home Buyering Collapses As Home Prices 55% More Costly Than When Biden Became President (Mortgage Rates 64% More Expensive)

I ain’t drunk! But it would help in this housing market where housing prices and mortgage rates are much higher than when Joe Biden became President in January 2020. In fact, the Case-Shiller national home price index is 55% higher than when Sleepy Joe took the reins of Presidency and the 30-year mortgage rate is 64% higher.

Because of higher housing prices and mortgage rates,

The Case-Shiller national home price index is 55% higher than when Sleepy Joe took the reins of Presidency and the 30-year mortgage rate is 64% higher.

As a result of higher housing prices and mortgage rate (and Gavin Newsom’s ludicrous policies), it will take over 30 years to accumulate enough savings to buy a home in San Diego, Los Angeles, San Jose and San Francisco.

I ain’t drunk, but first-time homebuyers will need to be drunk in this housing market.

The Fed trying to help the economy.

The US-Weimar Republic! Gold Soaring With M1 Money Printing (Good Governments Don’t)

Money makes the world go around and gold prices soar!

Gold is looking eerily like gold prices during the Weimar Republic in Germany.

Tomorrow belongs to Socialists like AOC and Bernie Sanders who want to keep spending. Along with Senator Chuck

Good governments don’t print insane quantities of money.

Fear! Extreme Fear In Markets At -13 (Greed Is 50 And Above)

Collapsing crypto and metal prices coupled with a tanking stock market is pointing to EXTREME FEAR.

The BofA bull and bear indicator says the same thing.

The realization that government is just a money laundering operation for politicians and that The Fed is just a friend of the big banks says it all.

State Of The Housing Market! Lowest Turnover In Decades, New Construction Premium Vanishes, Median Age Of First-Time Homebuyers Is 40

Home prices exploded under Biden and Covid Federal spending. Making housing unaffordable for millions. Now the turnover rates for homes is at its lowesst rate in decades.

Existing homes are now more expensive than new homes.

Florida housing is getting gut-punched from Naples to Punta Gorda.

Yikes! Median age of first time homebuyers is 40.

Fortunately, Joe Biden is out of office. But Chuck Schumer may make a comeback and restart the insane Covid-era spending. Schumer, the penultimate knucklehead in Congress, approved Ketanji Brown Jackson to sit on the Supreme Court of the USA.

Household Formation Slowing As Is Home Price Growth (Particularly In Bubble-prone Metro Areas Like Fort Myers FLA, Austin TX And San Franciso CA)

Household formation is slowing. Partly due to immigration slowing, partly due to increased cost on living (primarily due to Biden-era Federal spending).

But if Democrats win Congress, they will undoubtedly go for open borders … again.

Home prices are tanking in bubble-ish metro areas like Florida, California and Austin Texas. Oddly, I have lived in Austin, San Francisco and Chico CA. All before that were bubble magnates.

One way to get household formation to increase? https://x.com/i/status/2017468783267614785

Post Powell Panic! Gold And Silver Crash Following Fed’s Decision To Do Nothing

Call it the Post Powell Panic! After The Fed decided to do nothing at the FOMC meeting.

Gold is down -12% from the peak, trading below $5,000.

Silver is down -21%, trading below $100 for the first time since Friday, officially in a BEAR MARKET.

Rough night in the precious metals market space. An absolute BLOODBATH.

Is the top behind us?

Gold -6%
Silver -12%
Copper -4%
Platinum -13%
Palladium -11%

Trillions in market cap wiped out in a few hours.

Powell at The Fed FOMC meeting imitating former Fed Chair Janet Yellen. And Trump has nominated Kevin Warsh for Fed Chair who is expected to maintain Fed indepence.

Wipeout! $6 Trillion Erased In 60 Minutes At Opening

Wipeout! $6 TRILLION ERASED IN 60 MINUTES

Gold wiped out nearly $3 trillion
Silver erased nearly $790 billion
S&P 500 lost nearly $780 billion
Nasdaq wiped out $750 billion
Crypto market erased $100 billion

Insane crash at US market open.

Gold suffered too.

Along with Bitcoin.

You Got The Silver? Silver ETF Is Exploding! (Highest Turnover Among Any Other Asset and 15 TIMES Its Average Daily Volume

You got the silver? Lucky you!

Silver ETF trading volume is exploding: Trading volume in the largest silver-backed ETF, $SLV, hit a record $40 billion on Monday.

This marks the highest turnover among any other asset and is 15 TIMES its average daily volume.

This also TRIPLES the previous peak seen in 2011.

By comparison, the S&P 500 ETF, $SPY, traded $25 billion, the Nasdaq 100 ETF, $QQQ, $17 billion, while Nvidia, $NVDA, and Tesla, $TSLA, each traded $16 billion.

Furthermore, the 2x leverage long-silver futures ETF, $AGQ, posted $8 billion in volume yesterday. The largest Gold ETF, $GLD, also saw massive turnover of $13 billion, but $27 BILLION lower than $SLV. Silver’s recent moves are truly unprecedented.

Thanks to the The Kobeissi Letter.