Mortgage applications dropped sharply, purchase applications plunged, showing that the strength in the housing market to which Janet Yellen is pointing as a positive for the economy going forward is already turning around. The situation for housing is weakening.
Related stocks and ETFs: SPDR S&P Homebuilders (ETF)(XHB), The Ryland Group (RYL), Lennar Corp. (LEN), KB Home (KBH);
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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- Yellen: Blowing Air Into Bubbles
- A Collapse is Coming.
- U.S. Growth: Drifting Lower As The Year Progresses
- Yellen Dismisses Inflation As Temporary Noise
- Fed`s Low Rates Are Deterring Savings & Capital In...
- Gold: I Know What The Trend Is
- U.S. Economy: Heading Into Recession
- GDP Report: Its All Downhill From Q2
- Earnings Season: Companies Are Having Trouble With...
- More Disappointing Earnings: Amazon (AMZN)
- Video: 2014 FreedomFest Speech
- Painful Inflation
- Earnings Season: Stocks That Are Missing The Most
- Peter Schiff Interviews Doug Casey
- The Fed Will Ignore Inflation Because They Can`t R...
- The Bottom Is Going To Drop Out
- The Dow Jones Will Keep Falling In Gold Terms
- Prices Are Already Rising Faster Than 2% A Year
- What Investors Have To Worry About
- The Federal Reserve Can`t Acknowledge The Stock Ma...
- Americans Are Big Spenders Of Other`s People Money
- The Housing Market Is Quickly Unraveling
- Federal Reserve and the Stock Market Bubble
- A Big Plunge In Housing Starts
- The Federal Reserve Is Financing Speculation
- CNBC`s Liesman And Conventional Ignorance
- Gold: A Real Short Squeeze Is Coming
- A Weakening Housing Market
- Gold Outlook (2014 Half-Time Report)
- Yellen: Highly Accommodative Monetary Policy Still...
- The Losing End Of The QE Stick
- U.S. Economy: Living Beyond Its Means
- Markets: Boom or Bubble?
- Gold: The Naysayers Are Wrong
- Bullish On The Euro Currency
- Gold: The Technical Picture Is Improving Rapidly
- The U.S. Dollar Will Lose Its World Dominance
- This Is Not Strong Job Growth
- Dow 17,000 and The Worst Statistic On The Employme...
- President Obama Does Not Understand Capitalism
- Video: The Fed Is Wrong, Again.
- IRS: The Double Standard
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