​David Stockman On The Mother Of All Housing Bubbles – Tyler Durden

David Stockman On The Mother Of All Housing Bubbles Authored by David Stockman via InternationalMan.com, America’s bubblicious economy will soon hit another milestone of sorts—-the $50 trillion mark with respect to the market value of owner-occupied residential real estate. At the present moment, this figure (purple line) stands at $46 trillion (Q1 2024), which is nearly 2X its pre-crisis level of $24 trillion in Q4 2006. It’s also 8X its level when Greenspan took the helm at the Fed ($5.6 trillion) after Q2 1987 and a staggering 51X the $900 billion value of all owner-occupied homes when Tricky Dick did the dirty deed at Camp David in…  — Continue at ZeroHedge News : Read More