On Thursday Invercargill had 280 houses FOR SALE. bEEN HOVERING AROUND THIS FIGURE FOR 1 MONTH. Normally only add / subtract 1 or2 houses per day to this Inventory firgure. But on Friday, they added 24 houses in 1 day, and 2 more on Saturday (houses hardly ever added online, on the weekend). Now we're sitting at 304 houses FOR SALE. inventory is exploding. 24 extra houses listed in 1 day is nuts - unheard of,
Hi Tall Mike - long time listener. Back near 2 yrs ago S&P in 4000s and you mentioned your opinion index to drop back to 3500. Didn’t at all, instead now at 6000. USA massive money printing so dollar real value drops so this push most all up - stocks, gold, property, etc. Only makes sense all has to go up as dollar value erodes. Best advise is per old saying, a little each month into diversified non-paper assets and then in 20 to 30 yrs have much. Yes recessions are part of life and no one can time and will have a few over next 30 yrs.
Appreciate the comment. I am a stock market gambler and yes sometimes I take a shot to the downside like I am now. That is my gambling money. My big money is in what? Gold Silver and the miners. They are up over 30 to 40 percent just this year! If you are a long time listener you know I have been screaming gold and silver. Yes I am down 3% on my tiny short trade (a gamble) but believe me I am having a banner year. Why? Because I bought Gold Silver and the miners with big money. Have a great weekend.
There have been many lost decades or more and we are about to go into another one. Any time we get to these nose bleed valuations you always have muted returns going forward per Goldmans report last week!
If you wish to see where the US housing market is headed, study what is occurring in Austin, Texas today. For whatever reason, Austin is way ahead of the curve. The inventory of unsold Austin homes is accelerating and prices have already dropped 20% from the recent market high. Austin homes could drop 50%. Now let's ask what home deflation does to the banking system, one already in deep trouble only masked by phony accounting encouraged by our own government. Banks are carrying assets on their books at full value, but if they need to be sold for any reason (a bank run), they receive in some cases more than a 50% haircut. This is why the office building fiasco is not yet reflected in the New Age creative math. It will be addressed in 2025 and with real math.
It's not if the many bubbles will crash it when it will crash and it will be epically biblical people losing homes cars pensions I hope people have their precious metals
Where do you buy gold and silver? Where do you invest? Can you please share because you’ve been talking to us about this for a long time but you don’t share where you actually buy gold silver
It’s a good point, but in the end it won’t matter. What the Bidan administration has been hiding will come to light. Regular people know. But soon the world will know. Massive rug pull inbound. But Mike…miners got crushed today big time. Down big Wednesday. Up big Thursday. Down big today. Down slightly for the week. I hate the volatility in an already volatile sector.
Not a suckers rally yet as the parameters for a sustained rally are still in place. HYG downtrend has been broken and price is above 21ema, along with XLF, IWM, IYT and SMH still above their 21ema's and at break out highs with no selling volume. Selling volume bars getting smaller and smaller. Why? Because the institutions can see what I am seeing as mentioned above and they don't fight the fed. If TLT starts looking like HYG it's lights out rally sustainability.
@@quixomega The word volatility is used too loosely, like everyday. When is the market not volatile? If we relied on that word we would never invest or trade. Besides a bullish daily and bullish weekly and bullish monthly chart are good for all.
Mike, love your channel. But you have been consistently WRONG on this market. You forget to ALWAYS underestimate the power of QE and Wall Street Mafia. I been following you for years. You need to change. Not your fault. I know you have solid knowledge of fundamentals and everything you say is accurate. But it is meaningless in today's environment... useless... Just BTFD is the only game in town... Don't see it changing any time soon... Your real estate comments as always are always excellent 👍
This is what happens before every crash. Irrational euphoria.
True. Have a great weekend.
On Thursday Invercargill had 280 houses FOR SALE. bEEN HOVERING AROUND THIS FIGURE FOR 1 MONTH. Normally only add / subtract 1 or2 houses per day to this Inventory firgure. But on Friday, they added 24 houses in 1 day, and 2 more on Saturday (houses hardly ever added online, on the weekend). Now we're sitting at 304 houses FOR SALE. inventory is exploding. 24 extra houses listed in 1 day is nuts - unheard of,
Wow. Very interesting. Have a great weekend.
Pain unfortunately is coming 😪 Great show Thanks Master Tall Mike and have a great weekend 😀
Appreciate that. Have a great weekend.
Thanks, Mike. Your reports are always good.
I appreciate that. Have a great weekend.
Hi Tall Mike - long time listener. Back near 2 yrs ago S&P in 4000s and you mentioned your opinion index to drop back to 3500. Didn’t at all, instead now at 6000. USA massive money printing so dollar real value drops so this push most all up - stocks, gold, property, etc. Only makes sense all has to go up as dollar value erodes. Best advise is per old saying, a little each month into diversified non-paper assets and then in 20 to 30 yrs have much. Yes recessions are part of life and no one can time and will have a few over next 30 yrs.
Appreciate the comment. I am a stock market gambler and yes sometimes I take a shot to the downside like I am now. That is my gambling money. My big money is in what? Gold Silver and the miners. They are up over 30 to 40 percent just this year! If you are a long time listener you know I have been screaming gold and silver. Yes I am down 3% on my tiny short trade (a gamble) but believe me I am having a banner year. Why? Because I bought Gold Silver and the miners with big money. Have a great weekend.
There have been many lost decades or more and we are about to go into another one. Any time we get to these nose bleed valuations you always have muted returns going forward per Goldmans report last week!
Thanks pal
Have a great weekend.
To the moooon tall mike😂
It looks that way. Have a great weekend.
BUT MIKE, interest rates falling money flows to equities. Like your silver if price reduces.
Very logical. Time will tell. Thanks for the comment.
Will we have bank failures.
Yes! A lot will fail.
If you wish to see where the US housing market is headed, study what is occurring in Austin, Texas today. For whatever reason, Austin is way ahead of the curve. The inventory of unsold Austin homes is accelerating and prices have already dropped 20% from the recent market high. Austin homes could drop 50%. Now let's ask what home deflation does to the banking system, one already in deep trouble only masked by phony accounting encouraged by our own government. Banks are carrying assets on their books at full value, but if they need to be sold for any reason (a bank run), they receive in some cases more than a 50% haircut. This is why the office building fiasco is not yet reflected in the New Age creative math. It will be addressed in 2025 and with real math.
Very well said and so true. Thanks for the comment.
camela waited 4 YEARS LATER to do ANYTHING
Learn to spell other people's names. Also, learn about American Govt & about what a Vice President duties are.
She was terrible! Lmao
hiyah mike
Hi Rick. Have a great weekend.
Will still be in a Great Depression because to much damage also .
I think you are right. Have a great weekend.
I don't need to be first to the short party. Just wana be right. I can wait.
True. Thanks for the comment.
Second 😮
Yes!
actually first
We are just delaying the disaster
Correct. Have a great weekend.
It's not if the many bubbles will crash it when it will crash and it will be epically biblical people losing homes cars pensions I hope people have their precious metals
You are correct! Have a great weekend.
Tariffs? That will solve everything.
Of course they will. Have a great weekend.
That will solve affordability issues.
@@AlexKroust You will pay the tariffs. SMFH
@@Miranda3730 so things will become less affordable.
Where do you buy gold and silver? Where do you invest? Can you please share because you’ve been talking to us about this for a long time but you don’t share where you actually buy gold silver
I buy from a local coin shop but you can buy from a dealer on Ebay. Thanks for watching.
Has the house market crashed already all over the United States of America.
Starting. Thanks for watching.
Remember, Trump measures his success from how high the Dow goes.
Good point. Thanks for watching.
It’s a good point, but in the end it won’t matter. What the Bidan administration has been hiding will come to light. Regular people know. But soon the world will know. Massive rug pull inbound.
But Mike…miners got crushed today big time. Down big Wednesday. Up big Thursday. Down big today. Down slightly for the week. I hate the volatility in an already volatile sector.
One person, even Trump can’t keep this train on the track!! No chance
Gonna have to disagree with you sir. I would like to buy gold but still believe SILVER is the one to buy. Who am I kidding. Both are good buys...LOL
Love silver. Have a great weekend.
Isn't this what everyone wanted?
Of course it is. Thanks for watching.
Gee Tall Mike I don’t believe you ever came up for air 😂
The economy train has left the station and is headed towards derailment. JMO
I think you are right. Have a great weekend.
Not a suckers rally yet as the parameters for a sustained rally are still in place. HYG downtrend has been broken and price is above 21ema, along with XLF, IWM, IYT and SMH still above their 21ema's and at break out highs with no selling volume. Selling volume bars getting smaller and smaller. Why? Because the institutions can see what I am seeing as mentioned above and they don't fight the fed. If TLT starts looking like HYG it's lights out rally sustainability.
Could be right. Have a great weekend.
Depends if you're a trader or investor. If you're an investor this should scare you. If you're a trader volatility like this should excite you.
@@quixomega The word volatility is used too loosely, like everyday. When is the market not volatile? If we relied on that word we would never invest or trade. Besides a bullish daily and bullish weekly and bullish monthly chart are good for all.
We been in a recession . But it is still a recession because unemployment rate is 4.1 .
How can I slow the speed of this video, it's too fast for me .🤪
Thanks for watching. Have a great weekend.
Mike, love your channel. But you have been consistently WRONG on this market. You forget to ALWAYS underestimate the power of QE and Wall Street Mafia. I been following you for years. You need to change. Not your fault. I know you have solid knowledge of fundamentals and everything you say is accurate. But it is meaningless in today's environment... useless...
Just BTFD is the only game in town...
Don't see it changing any time soon...
Your real estate comments as always are always excellent 👍
I appreciate the comment. Just do the opposite and you should get rich assuming I am consistently wrong. Have a great weekend.
Donald Trump is going to be a a Great Depression.
A lot of hope right now but a bad recession is coming. Thanks for watching.