John Rubino: Did The Housing Bubble Pop?

Financial Survival Network, Released on 7/26/21

New home sales and lumber prices both down, is housing cooling off? Home price were rising at the fastest rate ever. Housing is beyond the means of most Americans. New home sales down 6%. Inventory is spiking and lumber is tanking, wiping out all its 2021 gains.

How big a deal is the end of the eviction moratorium? Extended emergency unemployment insurance is ending in September. Perhaps it will send a lot of people back to work.

Anti-vax protests worldwide while US considers a new mask mandate. Will people just ignore it? The LA County Sheriff has refused to enforce the latest mask mandate. If he won’t enforce it, who will?

Earnings season doesn’t matter for most stocks but might be helpful for the precious metals miners. Upside earnings have been baked into not just this year’s cake but next year and the year’s after. Good time coming for juniors and pm’s.

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Biden’s mental state finally drawing attention. His poll numbers are falling. The media just figured it out.

Bitcoin confab between Musk and Dorsey. Amazon might be about to start taking Bitcoin. A lot of potential acceptance appears to be taking place among high-power corps and money managers. Will the Fed react?

Strange Weather Patterns and China Flooding, monster heatwave on the West Coast. Forest fires burning most of the West.

John Rubino is the founder and manager of the popular financial website Mr. Rubino is the co-author, with GoldMoney’s James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980’s on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990’s he was a featured columnist with and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.


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