THE ECONOMY IS QUICKLY HEADED SOUTH – QE 4 TO FOLLOW
JULY 3, 2013
The economy is not in good shape, despite what “they” say. The last gasp in the housing market is being fueled by homebuilders and mortgage brokers pushing 5-yr ARM mortgages (remember those in the last bubble?) and auto sales are being fueled by 0% financing from all auto manufacturers now.
Have a happy and healthy July 4th holiday. With Greece, Italy and France imploding on derivatives, the fun begins on Monday and my forecast calls for much higher gold and silver prices by the end of July as my thesis on both housing and the economy proves accurate and the market begins to price in a new round of QE.