This Is Housing Bubble 2.0: David Stockman

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This Is Housing Bubble 2.0: David Stockman

This Is Housing Bubble 2.0: David Stockman

Like I’ve said, time and time again…the market is being manipulated, there are no jobs, it’s artificial… it’s make believe …there are no real buyers…sigh.

Recovery is what the government and the banks want you to believe …what recovery?

STOOPID!


Daily Ticker- Yahoo

Many have named a U.S. housing recovery as a bright spot in a so-called broader domestic economic recovery.

And data seems to support this analysis, despite a slowdown in sales momentum at the end of the year. Existing home sales in December were up 12.8% from the same time in 2011, with the total number of sales in 2012 rising to the highest level in five years, according to the National Association of Realtors. Meanwhile, the annual price for existing homes also jumped to the highest level since 2005, with the median price of a home up 11.5% in December from the same period in 2011.

But David Stockman, former director of the Office of Management and Budget in the Reagan Administration sees little to get excited about.

He tells The Daily Ticker, “I would say we have a housing bubble…again.”

[DAILY TICKER]

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2 Responses to “This Is Housing Bubble 2.0: David Stockman”

  1. The entire banking system is built on fake, fraud, money out of thin air, and a fairytale profit system. And hot air. Nothing new with fake false statements and manipulaion and false claimes. The banks went crazywith this kind of manipulation and propaganda. I guess it is what you beleive it to be even if a fairytale. We believed to be in a free America livinging the American dream and that has turned out fake also. Now we fight for justice and get penianc. The American dream hanging on the line, if we can get our politicians and justice system to do the right thing.

  2. Charles Reed says:

    I been talking about this, and it all artificial as the Fed printed $16 trillion that floating around, plus over a trillion dollars in purchasing Mortgage Backed Securities to keep the rate low for the RICH!

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