The Coverage Catch 22
• https://www.ericpetersautos.com, By ericThe morality of it aside, Social Security was probably a good deal for the first two or three generations that were forced to pay into it...
Contents Pages by Subject
Economy - Economics USA
Millennials Are Slowest Generation To Hit 50% Homeownership;
• https://www.zerohedge.com, by Tyler DurdenMillennials Are Slowest Generation To Hit 50% Homeownership; Rest Of Generation Fears Forever Renters
There Is "No Physical Gold And Silver Available In Any Quantity"
• King World NewsOn the heels of some wild trading in the gold and silver pits today, apparently the bears didn't realize there is "no physical gold and silver available in any quantity."
A Huge Millennial Home Ownership Gap in Pictures
• https://mishtalk.com, By MishMillennial homeownership rates badly trail other generations. Here's a look in pictures and an explanation for what's happening.
New Rule: The Better Your Credit Score the Higher Your Mortgage Rate
• https://mishtalk.com, By MishNew mortgage rules are so absurd that only President Biden or other Progressive-minded economic illiterates could possibly have come up with them.
Gold Slides on Higher US Treasury Yields, Dollar
• https://news.bitcoin.com, by Lubomir TassevPrices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency.
I Had To Find Out If This Was True…
• http://theeconomiccollapseblog.com, by MichaelIt appears that the crisis facing auto dealerships is far more dire than any of us thought.
Brace for QE all over again, and let us get it right next time
• https://finance.yahoo.com, Ambrose Evans-PritchardIf you thought that zero rates and quantitative easing were a bad dream that we can all forget, you may be in for a surprise.
My Ignored Warnings of American De-industrialization
• https://www.paulcraigroberts.orgPaul Craig RobertsHow Junk Economists Help The Rich Impoverish The Working Class
BlackRock to Kick off Sales of Failed Banks' Securities for FDIC
• Scott Carpenter and Silla BrushBlackRock Inc. will begin selling failed banks' securities Tuesday, launching a months-long process to help the Federal Deposit Insurance Corp. offload $114 billion of assets it picked up from Silicon Valley Bank and Signature Bank.
U.S. Gasoline Prices Rise To 5-Month High
• https://oilprice.com, By Julianne GeigerU.S. gasoline prices rose for the third week in a row, rising $.076 per gallon from a week ago to $3.65 per gallon yesterday, new GasBuddy data showed, reaching the highest level since November 2022.
Peter Schiff: We'd Be Lucky to Escape With Just a Recession
• https://schiffgold.com, BY SCHIFFGOLDPeter Schiff recently appeared on Real America with Dan Ball to talk about the weakening US dollar, the less-than-stellar jobs report, and the trajectory of the economy.
"Freight Recession" Highlighted By Largest Cargo Drop Since Pandemic
• https://www.zerohedge.com, by Tyler DurdenJ.B. Hunt Transport Services Inc., the fourth largest trucking company in the US, reported Monday first-quarter profit and revenue that missed expectations, as it explained volumes and revenue per truckload fell amid fears of a "freight recession."
California's 'Dream For All' Home Down Payment Program Ran Out Of Money In 12 Days
• https://www.zerohedge.com, by Travis GillmoreDemand for California's new downpayment assistance program overwhelmed the system and depleted its $300 million budget in less than 12 days, with applications put on pause effective April 7, according to the housing finance agency.
Thanks to Washington's Abuse of the Reserve Currency Role, the Dollar Is on Its Way Out
• https://www.paulcraigroberts.orgPaul Craig RobertsAs the dollar declines, so does Washington's power.
The Housing Bubble: Owners Trapped by Low-Rate Mortgages, Buyers Thwarted...
• By CHARLES HUGH SMITHThe Housing Bubble: Owners Trapped by Low-Rate Mortgages, Buyers Thwarted by High-Rate Mortgages
Ooh Lula La! Brazil Wants To Dedollarize Too
• https://www.zerohedge.com, By Michael EveryFriday saw US Treasury yields 10-12bps higher and the curve flatter after headline retail sales were lower but strong core, Michigan year-ahead inflation expectations leaped from 3.6% to 4.6%...
Is There A Worldwide Run On The Bank Of The United States Of America?
• https://www.zerohedge.com, by Douglas MacKinnonIn talking this week with a friend about the United States seemingly imploding from within across multiple sectors, my friend stressed:
"It's Going To Be Ugly": Commercial Real Estate Predictions Turn Dire
• https://www.zerohedge.com, by Tyler DurdenOver the past several months we've seen a series of progressively negative headlines over commercial real estate - predictions becoming more and more dire.
Will the End of the Petrodollar End the US Empire? – Ron Paul
• https://www.infowars.com, Ron PaulFuture historians may say that the most significant event of 2023 had nothing to do with Donald Trump, other 2024 presidential candidates, or even the war in Ukraine.
Will Bitcoin rally amid stagflation? 'Smart money' to BTC as recession hits in summer - Jeff
• https://www.youtube.com by KITCO NewsJeffrey Tucker, founder and president of the Brownstone Institute, joins Ernest Hoffman of Kitco News to explain why Bitcoin is rallying and how the Fed's monetary policy will drive the U.S. economy into recession. They also discuss the Treasury'
The Fed, Bank Of America And Hordes Of Corporate CEOs Are All Warning That-
• http://theeconomiccollapseblog.com by Michael Snyd- A Recession Will Happen This Year
Commercial Real Estate Is The "Boa Constrictor" That Will Crush The Economy
• Confounded Interest...And "Force The Fed To Restart QE" (Nothing Has Been The Same Since The Financial Crisis And COVID Economic Shutdowns)
RV sales are skyrocketing as southern Arizonans struggle to pay for rent or mortgage
• KOLD.comTUCSON, Ariz. (13 News)-As housing prices rise, more people in Southern Arizona are opting for a cheaper housing option on wheels.
This Housing Bubble Is Different: It's Much More Precarious
• https://www.zerohedge.com by Charles Hugh SmithAnd what happens next? Bubble symmetry: valuations fall at the same rate as they rose, declining back to the starting point over a roughly equivalent time duration.
Shadow Lenders to Bridge Real Estate Void Left by Banks, Bonds
• ByCarmen Arroyo and John SageShadow lenders are circling commercial real estate, a large asset class that traditional banks and the bond market are increasingly backing away from, potentially forcing borrowers to start paying up for deals.
"There Is No Fix" - Rubino Warns Global Monetary Experiment Ends In "Bloodbath"
• https://www.zerohedge.com by Greg HunterAnalyst and financial writer John Rubino said in February, "We are in a debt and death spiral" that will force dramatic changes on the world.
How Would You Fix This Colossal Multi-Trillion Dollar Mess?
• https://www.lewrockwell.com, By Michael SnyderEveryone can see the slow-motion train wreck that is unfolding right in front of our eyes, but nobody has a plan to stop it.
Burger King franchise with 118 restaurants files for bankruptcy after accruing debts...
• https://www.dailymail.co, By JAMES REYNOLDSBurger King franchise with 118 restaurants files for bankruptcy after accruing debts of $14million triggering closures across six states: Will your local be closing?
Host:
Ernest Hancock
2023-04-11 -- Ernest Hancock interviews John Sneisen on economic/market cond, history of bank runs M
Program Date:John Sneisen (The Economic Truth) comes on the show to discuss The History of Bank Runs: Panic and Crisis in the Financial World
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