A Housing Crisis Is Brewing Because 4.3 Million People Can’t Pay Their Mortgages

Over 4 million individuals have not been able to pay their mortgage payments for 30 days or more. The housing market may see additional selling pressure as pressure on homeowners mount. Renters have also been unable to afford payments, putting additional risks on leasers. A staggering 4.3 million people have been unable to make their …

Don’t Blame Today’s Stock Market Bloodbath on a ‘Second Wave’

Stocks are having their worst day in weeks. The drop is being blamed on “concerns” for a second wave of the pandemic. But a struggling labor market, skyrocketing valuations, and a retail investor frenzy are the real catalysts. Stocks are taking it on the chin today. And according to the talking heads, the narrative is …

The Stock Market Is Looking Bullish – So Why Don’t Americans Agree?

Expectations of higher stock prices fell in May, according to the Fed’s consumer expectations survey. Consumers see a mean probability of less than 50% that stock prices will be higher a year from now. Consumer sentiment about the stock market is dipping as analyst sentiment grows stronger. When the U.S. stock market started to rebound …

The Stock Market Is Trading in a Parallel Universe – That’s OK…Until It’s Not

The stock market rally is, by all measures, completely absurd. Traders have become drunk on stimulus and it’s causing irrational investing. If the free money faucet turns off, the stock market is in for a rude awakening. Is there anyone out there who believes the stock market’s impressive rally is somehow rooted in reality? Civil …

Fed’s 1/2 Trillion Housing Market Bailout Is Making History Again

The Fed is going scorched earth on deflation in the housing market. The Federal Reserve has never intervened so forcefully in the economy. But in the process, it’s fueling the greatest of all time asset bubbles. Someone bulldoze the statue in the Lincoln Memorial and put Federal Reserve Chair Jerome Powell there. The Fed is …