Is America headed for an epic housing bubble collapse? STATMAN looks at several telling charts that spell trouble.
Welcome Steemian friends. Below please see several charts that in my opinion show clear cut evidence of what lies ahead in the US economy. We are talking about a major housing bubble about to break. Let's look at the eveidence.
The chart above compliments of the Federal Reserve shows over the last ten year period only a twenty one percent gain in hourly wages.
Over the same time frame new home median sales prices have escalated 60 percent! This can't be sustained. Now look at what the price of lumber has done recently, below.
The above, complements of stockcharts.com shows a parabolic move in lumber over the past two years which is a bubble if ever there was one! This market will come down quite soon and quite hard.
The DOW chart above broke in January. Does that one look like a bubble? And, as I've written recently, it would be no surprise for the Plunge Protection Team (gov't) to do what is necessary to prop up markets through the mid-term elections. The Dow could approach the January Highs.
Now look at the "OIL PATCH" below, the production and the consumption.
Throw 100 dollar per barrel oil into the equation, because that is exactly where we are headed.
Everything to these eyes points to trouble on the economic front. And its a situation that will produce a declining dollar and rising gold and silver prices before 2018 is over. This scenario will accelerate in to 2019 and for quite some time.
The precious metals, and I do believe the cryptos, are your insurance against what lies ahead with "fiat" in decline.
I am appreciative of you visiting Yankee-statman. UPVOTE-FOLLOW-RESTEEM.
You are showing more reasons to stack silver/gold. Thanks.
and thank you...and stack silver. You'll be pleased.
Honestly am I the only one excited for the crash? I see it as everything going on discount. On top of the increasing usage of crypto for transactions I am all set. I want to give back to the community so starting now every Sunday I am giving away the SBD I earn form upvotes for the Sunday post. Lets help each other stock up more crypto for the crash!
Amezing
Great analysis! Valuable information! Thanks Statman!
It seems everything is in a bubble right now except precious metals. My guess is that the Fed is lying about the rate of inflation and prices are merely keeping up with the influx of dollars being printed.
you are completely correct! thanks..
the information you write is very meaningful to everyone, especially for those in steemit because the information for me is very important because with the information that our insight is more profound
thank you for the information.
very much appreciated/
Thank you for your continued support of SteemSilverGold
my pleasure and my thanks to the SSG community.
Again a great article. Not only a housing bubble in the US, also in The Netherlands, specially in larger cities where houses are being sold over the asking price!
Thank you. There is no question.
Excellent post, I think higher oil prices will be the X factor / tipping point. Do you think when the Markets crash, people will rush to Cryptos?
I believe so...and particularly silver and gold as well....thanks again..