Yesterday we looked at total housing starts for October. The numbers were very strong. I concluded that within those strong numbers lay the seeds of destruction. Total housing starts are comprised of single family and multi family units. The total number can be misleading about one of the two markets if one is materially stronger than the other.
Single Family Housing Starts Surge Before Long Winter of Our Discontent
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.