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Posts Tagged: “housing bubble“
Inflated Dreams: How the Fed Blew Up Housing Costs
Consumer confidence remains in the dumps, thanks in large part to rising prices in essential goods and services like housing. Contrary to the Trump administration’s preference for lower interest rates, the solution to the housing affordability crisis is to end the Fed, which created and still sustains the problem.
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US Housing Market Struggles As Pending Home Sales Drops
We’re about to face the aftermath of a Fed-induced housing crisis. U.S. pending home sales have dropped to historic lows not seen since the 2008 financial crisis, with a shocking 2.1% drop in May and a jaw-dropping 6.6% annual decline. With mortgage rates so high, banks and other investors are in massive trouble, facing severe […]
Existing Home Sales Chart Longest Streak of Declines Ever
The US economy runs on money printing and artificially low interest rates. Nowhere is that more obvious than in the housing market. With aggressive rate hikes in its war against price inflation, the Federal Reserve pricked the housing bubble and air continues to seep out. Existing home sales fall for the 11th straight month in […]
Existing Home Sales Fall for 10th Straight Month as Housing Bubble Continues to Deflate
The US housing bubble continues to lose air at a rapid rate. Existing home sales fell for the 10th straight month in November. This stretch of declining home sales is longer than the housing bust preceding the 2008 financial crisis.
Building Houses on Rotten Foundations: SchiffGold Friday Gold Wrap 11.16.18
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
Paul Krugman, the Federal Reserves and the Fatal Conceit of Keynesian Economics
A recent Paul Krugman New York Times column praised the success of the Keynesian macro model in the wake of the 2008 financial crisis. In his view, the Federal Reserve did exactly what was necessary – pushed interest rates to zero and launched rounds of quantitative easing to jumpstart demand. As Tom Woods and Bob […]