Could Housing Finally Be Rolling Over - John Rubino #5214
New home sales and lumber\xa0prices both down, is housing\xa0cooling off?\xa0Home price were rising at the fastest rate ever. Housing is beyond the means of most Americans. New home sales down 6%. Inventory is spiking and lumber is tanking, wiping out all its 2021 gains.\xa0 How big a deal is the end of the eviction moratorium?\xa0Extended emergency unemployment insurance is ending in September. Perhaps it will send a lot of people back to work.\xa0 Anti-vax protests worldwide while US considers a new mask mandate. Will people just ignore it?\xa0The LA County Sheriff has refused to enforce the latest mask mandate. If he won\u2019t enforce it, who will? Earnings season doesn't matter for most stocks but might be helpful for the precious metals miners. Upside earnings have been baked into not just this year\u2019s cake but next year and the year\u2019s after. Good time coming for juniors and pm\u2019s.\xa0 Biden's mental state finally drawing attention. His poll numbers are falling.\xa0The media just figured it out.\xa0 Bitcoin confab between Musk and Dorsey. Amazon might be about to start taking Bitcoin. A lot of potential acceptance appears to be taking place among high-power corps and money managers. Will the Fed react?\xa0 Strange Weather Patterns and China Flooding, monster heatwave on the West Coast. Forest fires burning most of the West.