from The Money GPS:
by John Rubino, Dollar Collapse:
The early stages of a housing bubble are fun for pretty much everyone. Homeowners see their equity start to rise and feel smart for having bought, home seekers have to pay up, but not too much, and fully expect their new home to keep appreciating. People with modest incomes feel a bit of pinch but can still afford to stick around.
But later on the bad starts to outweigh the good. Existing homeowners still enjoy the ride but would-be buyers find themselves priced out of their top-choice neighborhoods. And residents who aren’t tech millionaires find that they can no longer afford to live where they work. Consider the plight of a teacher or cop pretty much anywhere in California these days:
by Erik Townsend, Macro Voices:
Why has QE never led to runaway inflation?
How has the market been propped up for 10 years without consequence?
What does the ECB own today?
The bank of Japan, their program and what it contains?
Central banks around the world and how they compare?
When does tapering occur on a global scale?
For the second featured interview Erik Townsend welcomes Pat Hemsworth to discuss: