The coming implosion of the Fed’s Housing Bubble 2.0 will be the catalyst for Great Financial Crisis 2.0

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by Simian_Stacker

This time around the Fed has already blown its wad with 15 years of QE.

The builders are starting to feel it.

US: Housing Starts fall 8% in June, Building Permits fall 3.7%

  • Housing Starts and Building Permits declined sharply in June.

  • US Dollar Index stays in positive territory above 100.00.

The monthly data published by the US Census Bureau revealed on Wednesday that Housing Starts declined 8% on a monthly basis in June, following the 15.7% increase (revised from +21.7%) recorded in May. This reading came in much worse than the market expectation for a growth of 7.2%.

See also  Americans, whose wealth is largely tied up in their homes, face the looming threat of a housing market crisis as home prices teeter on the edge.

Housing speculators in Phoenix are getting a DELIVERANCE-style reaming as the Fed’s Housing Bubble 2.0 goes the way of its predecessor

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AirBnB housing speculators are toast

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