Real Estate Prices Are About To Drop

Now, I think with the stock market finally starting to go down, real estate prices are about to drop. They haven't fallen yet but if you look at supply, the supply is swelling of unsold homes that nobody is buying and that's exactly what happened in 2006, 2007. Before the prices went down the supply went up because people who have houses on the market they're kind of reluctant to drop their prices. They don't want to recognize where the reality is so the houses just sit on the market unsold. We have the biggest glut of unsold homes, new homes since 2007.

Markets: Gold Is Going Ballistic

A recent article from Mr. Schiff on how gold can go much higher from current levels: Peter Schiff: When Everything Blows, Gold Is Going Ballistic

Federal Reserve: Unwinding The Balance Sheet

The balance sheet is still north of four trillion so they've tapered it a little bit ,I think a couple hundred billion. Interest rates are rising and the Federal Reserve still has an enormous balance sheet and according to what they've been saying they're about to start increasing the monthly draw and and that is gonna put even more pressure on the bond market especially since we are printing record budget deficits.

We're now borrowing over a hundred billion a month and the official numbers don't even capture that because so much of the budget is off budget. But it doesn't matter, they still have to issue the bonds to finance the off budget spending.

So what's important is how much the national debt is going up, how much bonds are actually being sold and so we've got record budget deficits and now we've got the Federal Reserve that wants to sell and the bigger problem is who's buying?