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Will the bursting of HB 2022 make 2008 look like the proverbial Sunday school picnic?

Housing bubble 2022 is NOT Housing bubble 2008

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Why this housing downturn is nothing like the last one With the caveat that the Housing bubble (HB) 2022 is not yet officially categorized as...
When the burst is recognized publicly due to the failure of some large banks in the weeks ahead, it will be described as a black swan event that could not have been foreseencognized publicly due to the failure of some large banks in the weeks ahead, it will be described as a black swan event that could not have been foreseen

2008 Redux? YES and NO

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Collapse of US HB2.0 underway The US housing bubble 2.0 collapse is actually underway as we speak. Most banks are already internally realizing the same,...
The elephant in the room as far as the housing bubble 2.0 is concerned is the affordability crisis of the US consumer and the trends of increasing interest rates due to the inflation pipeline that has been built prior to 2022 with nearly 15 years of ZIRP

Is there a conundrum in the US Housing Market?

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Bubble will burst? For starters, all bubbles pose this issue – there is never a consensus that the bubble – however big it may be...
Fitch is either mortally afraid of stating the real reasons or they are really clueless – the readers can come to their own conclusions

Why the Fitch downgrade doesn’t make sense

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Fitch cuts US credit rating from AAA to AA+ Rating agency Fitch recently downgraded the US government’s Foreign Currency Issuer Default Rating from AAA to...
Quite unlike in 2008 when the US Fed denied the existence of the housing bubble, Powell has been more realistic this time around

Powell’s “Subprime is Contained” Moment

Bernanke got the subprime crisis wrong? “Subprime is Contained” – Fed Reserve Chair Ben Bernanke, March 2007. Bernanke, the then Chair of the Federal Reserve had...
The current round of monetary stimulus is going to primarily be in the form of QEs rather than rate cuts

Why 2023 has to be worse than 2008 – Part 2

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The previous first part of the article can be accessed here Part 1. This is Part 2 Stars aligned for a 2008-style crash When I wrote...
Inflation | What we are living through is a very unique period and there is no precedence to a bubble built on fiat money in the asset classes of bonds, equities, and real estate unraveling one after another

2022 – It is different this time

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Most frightening decades ahead Regular readers should by now understand that we are looking at one of the most frightening decades ahead. Whether it is...
The period “2019/20 – 203X” would make the 2008 crisis look like a “Sunday school picnic” and would eventually be termed as “The Greater Depression”.

Will 2019 Be A 1929? – Part 3

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The previous parts of the series can be accessed here. This is the third part. When the epitaph of the US Dollar in its current...
Six months into 2019, it is clearer than before that the US economy is headed into a recession. Question is, what will be the lessons that the government, bankers, and economists draw from it?

Will 2019 Be A 1929? – Part 2

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The previous part of the article can be accessed here. This is the second part When I wrote the first part of this series for...
In the entire 8-minute monologue of Powell, there was not a single mention of Quantitative Tightening or a reduction of the Fed balance sheet

Can Powell climb out of the Jackson Hole?

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US Fed reiterates its focus only on price stability In his recent speech at Jackson Hole (given below), Jerome Powell reiterated the overarching commitment of...

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