by Dave Kranzler, Investment Research Dynamics:
The housing “recovery” of 2012 – 2013 was nothing more than a product of the mult-trillion dollar market rigging that has been implemented by the Federal Reserve and the U.S. Government . TARP, TALF, HAMP, HARP, FHA, FNMA, QE – all acronyms for “our economy is collapsing and we’re going to print as much money as it takes in order to steal as much wealth from the public as we can before we can no loner to prevent the demise of the United States.”
As I’ve been exhaustively detailing since November/December, the housing market has entered another “negative feedback” cycle that will lead to the bursting of Housing Bubble 2.0. You can’t look for the same factors that inflated and popped Housing Bubble Stage 1. No, the inflation/blow-up cycle this time around was powered by slightly alternative fuel. But the means is leading to the same end – first slowly and then all at once (to paraphrase Hemingway).
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