Even Lefties Get it… Today’s Housing Bubble About To Burst

Many of you likely enjoyed The Young Turks’ meltdown the night of President Trump’s victory in late 2016.

We too are some of those 3.5 million views.

Of course not many of us also enjoyed that same day’s obvious record high volume, $100 gold market intervention swing. But we digress, to the reflated, now larger housing bubble ongoing.

Unlike the previous housing bubble of yore (the 2007 version). These now humbled, left ideologues can also see the writing clear on the wall.

Have a listen to the alleged levels of depravity in lending standards ongoing.

 

Bloomberg’s whitewashing of the story plus some sweet scarf shots are worth a quick look there.

Brooking’s Institute is where the devil’s details hide, but you can find them here.

Looks like the government’s naive but well intentioned 1968 home ownership push, now some 50 years later, is where predatory housing lenders and Wall Street increasingly both go for guarantees in funding and securitized loan pools.

Of particular importance, these liquidity vulnerabilities are still present in 2018, and arguably the potential for liquidity issues associated with mortgage servicing is even greater than pre-financial crisis. These liquidity issues have become more pressing because the nonbank sector is a larger part of the market than it was pre-crisis, especially for loans securitized in pools with guarantees by Ginnie Mae.

 


 

About the Author

James Anderson has a BA in finance from Loyola University New Orleans. He has both worked and invested in the physical investment grade bullion markets prior to the 2008 global financial crisis.

James’ twitter is @JamesHenryAnd and he has authored SD Bullion’s complementary 21st Century Gold Rush Book.

 

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