The economic recovery from the 2008 recession is the worst recovery on record! We believe the stock market and the economy have been propped up since 2009 by artificially low interest rates, never-ending government borrowing, and an unprecedented expansion of our money supply. The “official” unemployment numbers do not reflect people who have given up looking for work. The “official” inflation numbers are way off reality. After a 30-year down cycle in interest rates, we believe that rapid inflation caused by huge government debt and money printing will start us on a new cycle of rising interest rates. That’s why we expect…
Home Prices to Drop
5% in 2013!
While some economists have been calling a bottom for the U.S. housing market, we see the opposite. Our top analysts have continued to point out that U.S. home foreclosures will remain high because we believe banks are dealing with this issue piecemeal since it may further expose their weak balance sheets.
Sales of existing homes and new home sales are still at depressed levels. In fact, last year was the worse year for new home sales in the U.S. since 1963! The U.S. housing market and home prices will remain depressed despite mortgage rates being at historic lows. The economy is too weak…consumers are saddled with high debt…to get the housing market moving again.
Don’t buy the hype! The U.S. housing market is set for another leg down.
Believing the housing market is at its bottom is a big mistake. Our top economists and analysts believe housing prices could fall another 5% in 2013—and then the housing market will get even worse!
After a 30-year down cycle in interest rates, the effects of unprecedented government debt, and a historic increase in our money supply (also known as old-fashioned money printing) are working together to push inflation higher. As inflation rises, so will interest rates. And, if there is one thing the housing market cannot take, it’s rising interest rates! That’s why we believe the final nail in the coffin for the housing market has yet to arrive.
You can get our detailed analysis of why we believe rapid inflation is headed our way—how you can protect yourself and even profit from it —in our special video called, “Biggest Ponzi Scheme in U.S. History to Crash.” Simply type in your e-mail address in the box below to watch the video.
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