housing bubble

Newsfeed: The Housing Bubble Has Officially Burst : Case-Shiller Records First Drop In Home Prices Since 2012

Newsfeed: The Housing Bubble Has Officially Burst : Case-Shiller Records First Drop In Home Prices Since 2012

Analysts expected Case-Shiller Home Price growth to continue its modest deceleration in August (the latest available data in this heavily lagged and smoothed data set), but the result was a doozy: the 20-City Composite index tumbled 0.44% MoM, far below the 0.20% expected increase, and a sharp decline from the downward revised 0.19% increase in July; more importantly, this was the first sequential drop in home prices tracked by Case-Shiller since March 2012, or ten and a half years.

Newsfeed: May Housing Starts: All-Time Record Housing Units Under Construction

Newsfeed: May Housing Starts: All-Time Record Housing Units Under Construction

Privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000. This is 14.4 percent below the revised April estimate of 1,810,000 and is 3.5 percent below the May 2021 rate of 1,605,000. Single‐family housing starts in May were at a rate of 1,051,000; this is 9.2 percent below the revised April figure of 1,157,000. The May rate for units in buildings with five units or more was 469,000.

Wash, rinse, repeat…

Wash, rinse, repeat…

Traders who play in the futures markets are familiar with the phrase, “Wash, rinse, repeat”. It describes how pros routinely relieve amateurs of their wealth in the Wall Street casinos.

But the same thing happens on Main Street … it’s just MUCH slower … and it’s easier for newbies to win because the action is too boring for real sharks.

Kiyosaki, Griffin and Black on Paying Attention and Choosing Wisely

Our latest show was recorded with you in mind – it’s a special one, unlike anything we’ve ever shared before! It takes place while cruising the open seas during our 15th annual Summit at Sea™. You get to be a fly on the wall during an organic, non-scripted conversation with three of the world’s smartest …

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