from SRS Rocco:
As the Banks & Brokerage Houses continue to forecast the tapering of the QE by the end of 2013 or beginning of 2014, the only choice the Fed will have will be to increase not decrease monetary stimulation. QE 5 is coming because U.S. economic indicators continue to disintegrate.
According to a recent post by Zero Hedge, “The ‘Oh Crap” Moment For Housing is in the Can”, Mark Hanson stated the following:
1) US Pendings Fell 21.1% MoM on an NSA basis (down more not including last month’s revision), the most on record for any Sept since Sept 2001…that’s a terrible period to comp against.
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