Last week we looked at new home sales volume data and saw a rise in sales and even bigger rise in prices as buyers panic to get in before mortgage rates rise and home prices rise even more. Such panicked buyers, not to mention panicked news media, are signs of an end stage mania.
The State of The Housing Bubble Revealed in New Home Sales Data
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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.