FOMC Day: There Has Been No Recovery – The Housing Bubble Is Re-Popping

Wednesday, June 17, 2015
By Paul Martin

By: Dave Kranzler
GoldSeek.com
Wednesday, 17 June 2015

The whole thing was in fact a giant lie used to cover up the fact that none of the money was spent to try and generate economic growth. – Phoenix Capital Research LINK

The Fed’s FOMC is concluding another two-day meeting today and will issue its latest policy statement around 2 p.m. EST, as the idiots on financial tv sit on the edge of their seat trying to figure out which word or syllable as changed from the last policy decision statement. The entire process is nothing more than well-staged theatre of the absurd.

How do we know the US is not in recovery? It’s really quite simple. If it were, the Fed wouldn’t have any issue with raising rates. – Phoenix Cap Research

Now that we’re seeing retail sales decline month to month almost every month, manufacturing indices plunging to levels not seen since 2008-2009 and the GDP registering a decline, before inflation is stripped out – of almost 1% in Q1, it is highly improbable that the Fed will dare raise rates. Not even a gratuitous quarter point bump.

Why this country’s debt-bloated, overleveraged financial system now has unmanageable levels of debt bulging for every nook and cranny in the system. Even worse, there’s $100’s of billions of leveraged exposure lurking behind of the insidious facade of off-balance-sheet accounting at the big banks.

Then there’s housing bubble 2.0. Only this time around its only a “price” bubble – as opposed to a price and volume bubble like housing bubble 1.0. This price bubble has been fueled by the $2.0 trillion – and still counting as the Fed is still buying $10’s of billions of mortgages every month – of money printing. – Investment Research Dynamics

The Rest…HERE

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