HOUSING

6 Years Later the PIIGS and Europe Still Wallow in Bear Markets

by John Galt July 31, 2016 10:00 ET Everything is great. All is quiet on the Western Front, Eastern Front, and Main Street economies with sluggish growth but new all time highs in key equity markets promoted for television purposes. The problems in Portugal, Ireland, Italy, Greece, and Spain are solved because CNBCCNNFBNFNCBBG does not want to cover them on a daily basis. Hence it’s all awesome: Right? Despite the fact that the over indebted United States has managed to hyperinflate its way into a new all time high in equity…


It’s Not 2008, Don’t Worry, It’s Fine!

by John Galt June 1, 2016 21:30 ET The stock market is possibly poised to break out to new highs, just like it threatened to do in 2007. As the rest of the economy was in shambles, the hucksters in financial media and so-called stock advisors made a cottage industry on selling to willing pension funds, speculators, and individual investors the stocks of the very corporations and banks that they knew were already technically insolvent. Then came the Obama administration after the crash and he was presented with a deal by…


All the Recent Economic Doom Videos Which will Make You Cry like a Bitch

by John Galt July 27, 2015 18:00 ET   From CNBC this morning, Marc Faber this morning calls for a 20-40% decline in equities as a realistic possibility: But before that he warns, as I have, about the lack of demand for commodities causing the crash in prices (CNBC also): Gerald Celente supports Faber’s warnings in his Global Trends update via video on July 23rd: Mish Shedlock confirms that the collapse is coming in this interview via the X22 Report via YouTube: Meanwhile, CNBC had technician Carter Worth on today with…



The Other Housing Data the Media Will not Share

by John Galt February 18, 2015 21:00 ET While the Bubblevisions continue their unrelenting used car tactics to convince grandma and grandpa that the $0.70 per share biotech stock is where their retirements should be, the selective propaganda from the various entities which provide financial news have agreed with the US government to use contrived data by displaying “annualized rates” or “percentage change month over month” rather than telling the tale of reality: Housing has not recovered and it is not even close to recovering. 4 charts courtesy of the Federal…


Why Today’s Stock Market Numbers are Totally Irrelevant

by John Galt January 27, 2015 22:30 ET I could just be an asshole and just post the following without explanation to summarize today’s action: Good think I’m a “nice guy” (LOL). The first thing news sources like the Wall Street Journal (thank you for the screen shot above) and the electronic horn dog ‘there’s a bull in every crack and crevice media thanks to Apple earnings, is that everything awful today was due to Snowmeggadon 2015 and Global Warming/Climate Change, which from a Florida and internet trading perspective was a…


Is the Chinese Shadow Banking Crisis Behind Tonight’s CME Delayed Opening?

by John Galt August 24, 2014 23:00 ET It just might be. From the South China Morning Post in Hong Kong just a little while ago: Chinese mutual funds caught up in shadow banking fallout How would this impact CME futures contracts thousands of miles away? If Chinese mutual funds had a sudden rush or necessity to raise cash, the most liquid markets to sell futures and commodities in are based in the United States. So if the Chinese government ordered the mutual funds to raise cash in very short order,…


08.22 TEOTWAWKI 2 Hour Radio Special: Natty B joins me in Hour 2 as the World Implodes

by John Galt August 21, 2014 20:30 ET Natty Bumppo (Bobby from Just Measures) is going to join me on the air Friday night after the 9 pm ET break to discuss the Ebola crisis further, which keeps expanding even more rapidly than originally projected, the precious metals markets, and how the economy functions in a cashless society. So bring your chip implanted hand and your favorite cocktail to the computer or favorite listening device as the news in Hour 1 will put you in the fetal position and hour 2…


Friday the 13th TEOTWAWKI Radio Show: Natty B and I Smoke Cigars, Drink Scotch, & Scare the Hell out of You

By John Galt June 13, 2014 17:45 ET   It’s Friday the 13th. The world is about to go to war. Gold is going nuts but no one sees it unless they are in the physical dealership market. The US government is indecisive and imploding thus taking its brutality out not on America’s enemies but its citizens. Natty and I will discuss precious metals, cigars, scotch, and whatever the hell we feel like. Tune in to find out more including the usual insanity known as the new from around the globe…….


06.06 TEOTWAWKI Radio Show: A Dangerous Stock Market and Economic Game

By John Galt June 6, 2014 17:45 ET Tonight we will be spending more time on the markets as there is a dangerous game being played by the ECB, Draghi, and our banksters here at home as the risk of hyper deflation is now upon us. Will Europe crash the world or does the Fed and ECB have a mutual suicide pact and the Bank of England is thinking about quitting before the gun goes off in their face. Tune in to find out more including the usual insanity known as…


Just Another Anonymous Victim of the Economic Recovery

by John Galt June 6, 2014 05:00 ET A man died in my neck of the woods yesterday. Thus far, he is only another anonymous voice silenced by a gunshot. His family has probably been notified of his death by now, yet nobody outside of that group will care. The foreign bankers who used their power as owners of the debt owed on this property could care less. The President of the United States could not care less. And most of my readers will care less. Sadly, I did, until I…


Proof the World is Going Insane: China Explores Bond Buying aka QE Chopsticks Style

by John Galt June  1, 2014 16:05 ET Just when the world doesn’t need any more hints of bank insanity, Ambrose Evans-Pritchard of the UK Telegraph reports the following this afternoon: China explores bond buying in first hint of QE Insanity? Yes. This is a nation with an annualized rate of change in GDP growth of 7.7%, allegedly huge foreign capital reserves, and a centralized dictatorship structure for a government that is the envy of the Western world’s banksters and political elites. From the article: China’s central bank is exploring direct…


And in Recovery News Shanghai New Home Sales Slide 28.7%

  by John Galt April 14, 2014 19:45 ET     Okay, well, most of the girls are cute and the food is good. However the housing market in their leading “capitalist” community, well, uh, sucks now. From the Shanghai Daily this morning Chinese local time: Shanghai new home sales slide 28.7% By Cherry Cao | April 14, 2014, Monday | Online Edition NEW home sales in Shanghai fell for the second consecutive week amid sluggish sentiment among both buyers and developers, according to a report. The purchases of new residential…


Now You Can Panic: Economist Withdraws All of His Money from Bank of America

  by John Galt January  31, 2014 20:00 ET   Care to start a bank run? Uh, no, that’s illegal. But according to an economist at the same school our Illegal Alien in Chief attended, Harvard University, it might be wise to do so. The PBS article from yesterday should cause everyone to take a moment and pause to reflect: Is your money safe at the bank? An economist says ‘no’ and withdraws his Excuse me? It isn’t safe? Bush-Bernanke-Bimblette all lied? No way? From the article <excerpted>: Terry Burnham, former…


The 2 Hour John Galt – Natty Bumppo Inteview via GLPVC

  by John Galt January  31, 2014 19:30 ET To begin with, I must thank Phen, Rags, and the entire GodLike Production staff for allowing me to post this interview with their permission. I revealed a few items that normally I would save for my Friday night program where GLP and the RawFeedLive staff extracted answers I do not think they were prepared for about the economy, geopolitical instability, and of course, the State of the Union that the Kenyan-in-Chief failed to cover. While the Illegal Alien in Chief failed to…


State of the Union January 28, 2014: Who gives a F*#! what the Liars Say

  by John Galt January  28, 2014 19:30 ET To quote a famous African-American athlete, in honor of our racist Kenyan in Chief: “Child Please!” In other words who gives a flying bleep, sideways bleep, or otherwise. The Democrats LIE. The Republicans LIE. The President KILLS AMERICANS, VIOLATES THE CONSTITUTION, AND THEN LIES. So why watch professional Bullcrap artists when the real news is going to be discusses tonight at GLP!?!?!? Tune in to Natty Bumppo and myself as gracious guests for the GLPVC RawFeed Live at 9 pm ET UNCENSORED…


1/24 TEOTWAWKI RADIO SHOW: It’s the Economy, Stupid

by John Galt January  24, 2014 18:00 ET     Well, I was going to talk about maintaining one’s flower bed after Fukushima and the collapse of American society. I guess tonight, events have changed my show subject matter again as there has been a “disturbance” in the force. Mainly a bear sighting. On Wall Street. To listen click on the link below at 9 pm ET which for those of you who voted for Obama is 8 pm CT, 7 pm MT, and 6 pm PT.   Just Measures Radio…


Predictions for 2014 Print Edition

  by John Galt January  1, 2014 13:00 ET If you listened to my radio show this past Friday, you already know this story but for those foolish enough not listen via the archives or live, here are my predictions for 2014. Keep in mind I do not think anyone should use these predictions as investment advice and it is not meant to be construed as such, nor do I recommend using this information for anything other than building a fallout shelter with at least 1 foot thick reinforced concrete walls…


12/27/13 TEOTWAWKI Radio Show w/John Galt: Predictions for 2014

by John Galt December  27, 2013 16:05 ET Tonight I end the year with the usual BANG. Of course that could be a hint for the John Galt absolutely 100% guaranteed to be either correct or incorrect. But definitely grounded in current reality or something similar that comes in 1.75L containers. In other words: DON’T MISS IT!!!!! Please join me in the chat room to discuss the day’s events and listen at 9 p.m. ET  at the link below: Just Measures Radio Network



FRIDAY THE 13TH TEOTWAWKI Radio Show: The Economic Survival Show for 2014

December 13, 2013 16:00 By John Galt As this Friday the 13th show of horrors sneaks into reality, then comes the disaster known as 2014 and a new series of economic mistakes which will destroy your future, America’s current mythological bull market, and leave politicians and banksters crying for rescue once again. Or they banksters might just say, send out the tanks to the streets this time. Please join me in the chat room to discuss the day’s events and listen at 9 p.m. ET  at the link below:   Just…


The Housing Problem is not Solved in Ireland Either

  by John Galt August  25, 2013 14:30 ET There is this ongoing myth that if a government sprays enough bull crap, the flowers that grow from the fertilizer will spring eternal and cover the rotting, disgusting smell still permeating the air. The United States led the way with the “tell the stupid citizens the economy is better” theory of economic manipulation and propaganda yet in reality, the bills to eat, own a vehicle, and enjoy the one luxury of a flushing toilet or electricity supersedes paying homage and tribute to…


8/23 Put on your Party Hats it’s FDIC Bank Failure Friday Again!

  by John Galt August  23, 2013 21:45 ET     Sheila Bair must be getting jealous. The FDIC resumed its war on small banks tonight by zapping two more while the big fish continue to poop on the regulators, the public, and steal the taxpayers blind. Tonight’s victims are not really shocking as the bank in Western Tennessee was already on the troubled list as real estate collapsed in that part of the state (Community Re-investment Act anyone?) while the second bank was in Arizona which is basically what Florida…


11.20.12 Voice of Galt: Live, Loud, and Broadcasting from BOL #1

November 20, 2012 18:55 ET   Live again.   Loud again.   Broadcasting from bug out location number 1 deep from the boondocks of Southwest Florida, there is a few things I would like to get off my chest…. The War on Christianity The World at War Police State 2013 His Royal Highnass Economy in its Death Throes and of course a huge…   DUCT TAPE ALERT  You have been warned so tune in at 8 p.m. ET by clicking on the link below AND……   PARTICIPATE: Click on the banner…


The Unemployment Data You Were not Supposed to See

  by John Galt July 8, 2012 20:45 ET   If you read the mainstream media, pro-Obama websites like “Business Insider” or “CNBC.com,” you might be under the idea that this past Friday’s unemployment report was no big deal, housing has bottomed, and the transportation industry is indicating that growth is back in this anemic economy if you read the headlines and did not do your own research.   Well hell, I’m here to do the work that the mainstream media won’t do and in this first of two parts of…


Goodbye Private Property Rights in the United States

  by John Galt July 5, 2012 09:00 ET   Upon reflection, perhaps I should have just stayed on vacation. The disastrous rulings from the United States Supreme Court (I’ll comment on that later) along with the spineless wonders known as the Republican Party refusing to act in a decisive manner to block America from falling from Banana Republic status into Socialist Banana Republic status akin to 1970’s France demonstrates just how screwed we are.   Then this story by Nick Timiros grabs my attention in the Wall Street Journal this…


Today’s Housing Data is PLOPOO

by John Galt May 16, 2012 16:30 ET   While the mainstream media engages in P.L.O.P.O.O. (Putting Lipstick on Pig of Obamanomics), the reality of today’s housing numbers are still so bad, they would even embarrass Lyndon Baines Johnson; hell, maybe even Harry Truman!   The Media’s PLOPOO updates look like this:   Rebound in Housing Starts   Housing market posts best stretch of growth in nearly four years   Housing starts, single-family building permits jump in April   Builders start construction on more homes in April   Based on just…


4.26.12 HARD*CORE*NEWS

by John Galt April 26, 2012 21:30 ET   Click on any link below to read the story in full:   Group: Michelle Obama’s Spain trip cost taxpayers $467k Miami’s vice: Nearly 300 never-driven Priuses found After Arguments, Trial Judge Rules for Legislature in Power Struggle EXCLUSIVE: DOES THIS GIRL LOOK LIKE A TERRORIST? Secret Service expands misconduct probe to El Salvador: lawmakers Secret Service Repaired Personal Cars Instead of Presidential Limos Official: Israel, others could strike Iran Japanese gov is shifting from decontamination to evacuation Russia has no illusions over…


2/16 Housing Data: More Depressing News in Realityville

by John Galt February 16, 2012 21:45 ET   The housing news, as usual, was spun by the Obamamedia, the Fedomedia, and the Bullmedia as the ultimate sign that once again, for the 113th time in 4 years, “We’ve turned the corner!” And as the unicorn pooping skittles and rainbows sprayed the news over Wall Street and the gullible morons of the nation, reality is here, at these pages. First, let’s not sugar coat this. Starts were up my friends. They were up nicely. In fact on a non-seasonally adjusted basis,…


The Must Read Story about the Foreclosure Fraud in the U.S.A.

by John Galt February 5, 2012 11:15 ET Gretchen Morgenson has produced a story in this morning’s edition of the New York Times which is a must read as a primer regarding the severity of fraud within the mortgage and real estate industry: A Mortgage Tornado Warning, Unheeded (Click on the title to read the story in full) The one portion, excerpted from the story above, which should tantalize my readers and cause great pause is as follows: Now he splits his time between Orlando and Boca Raton, advising lawyers as…


2011 Housing Report: The Worst Year in Modern History

by John Galt January 29, 2012 22:00 ET There will be great discussion about the “recovery” of 2011, but the reality of just how dire the economy is for Main Street is best defined by the one asset the average soul attempts to hold up as their primary investment, the single family house. Unfortunately for the political elites, the disaster which was housing in 2007 is not much better in 2011 and in fact appears to be taking a sharp, decisive turn to the downside for a final impact crater which…


Private Construction to finish 2011 at lowest level since 1997

by John Galt January 3, 2012 11:15 ET To all this morning’s construction report a joke would be an insult to comedians. The Bubblevision and agenda driven bloggers who wish to deal in hopium rather than facts believe or encourage the seasonally adjusted data to be accepted as the gospel and to ignore all facets of reality. This suspension of belief is destroyed when one takes the non-seasonally adjusted data and observes the projected annualized total, which if the normal declines from November to December bear out, the estimates would present…


12.30 V of Galt: Predictions 2012 Live and in Color

By John Galt December 30, 2011 07:50 ET Buckle up. 2012 is almost here. Last year I was so-so in my predictions and for 2012 I probably will be also. If you are meek put on your Depends for this show or just assume the fetal position when the theme music stops. In the first half hour I’ll cover the news of the day, the financial news and then begin the prognostications which cover geopolitics, sports, U.S. politics, the economy, weather, and whatever else I feel like. There are no guarantees,…


Existing Home Sales Revised DOWN 14.3% from 2007-2011

By John Galt December 21, 2011 – 10:10 ET The housing disaster continues and what better week than the a holiday week to issue a report indicating that the housing depression continues in full force. The National Association of Realtors issued their monthly existing home sales report minutes ago and the revisions to the old data plus current month indicates that all the efforts by both the Bush and Obama administrations were useless and did nothing to salvage a sinking ship. From the report (available at this link): While month over…


And now some Truth about Yesterday’s Housing Data

By John Galt December 21, 2011 – 09:50 ET Because it is poor form to report bad economic news before Christmas and blasphemy to acknowledge data which gives the impression that our Imperious Leader (sorry, Dear Leader was taken) is impotent and incompetent regarding economic matters, the housing data reported yesterday was trumpeted as an indication of a possible bottom or start of the bottoming process in the housing market. In fact some blogs like Business Insider performed their usual duty of posting blog entries from both point of views but…


September New Home Sales: Ends the Worst New Home Selling Season in History

By John Galt October 26, 2011 – 10:20 ET The September new home sales report is out from the Commerce Department (click here for PDF version of the release) and as usual, the mainstream and Bubblemedia focuses on the seasonally adjusted annualized figures instead of the actual month over month change. The raw data, aka non-seasonally adjusted numbers show a July figure revised down to 27K from 28K, August revised down to 25K from 26K, and September’s initial figure of 25K. In other words unchanged and the most dismal summer new…


10/19 Housing Data: Not as good as the Headline Propaganda, as usual

By John Galt October 19, 2011 – 21:45 ET US Economy: Home Starts Jump, Consumer Prices Stabilize BusinessWeek  Housing starts jump 15 percent in September Kansas City Star Increase in housing starts could portend improving market The Hill (blog) Just sigh. There is no bottom until there is no hope. When will these people learn? Of curse when there is an agenda to yell into an empty stadium for everyone to rise up and cheer, the current crop of “journalists” and “economists” acting as agents of propaganda do the best they…


New Home Sales for August: More of the Same

By John Galt September 26, 2011 – 12:15 ET To say that this morning;s report from the Commerce Department was any encouragement about a long term economic recovery in the construction industry would be a major lie. The data continues to reflect and bounce along the long term bottom created by the speculative frenzy from the previous decade. The most interesting stats are reflected in the ongoing decline in sales for homes over $300,000. First chart for review is the monthly new home sales in total (Click on charts to enlarge/reduce…


Another Florida Court Ruling which could complicate the Foreclosure Mess even further

By John Galt September 8, 2011 – 01:35 ET Since I could not sleep I thought I would open up the statewide newspapers and sure enough a story in the Palm Beach Post really hits at the crux of the robosigning and foreclosure scandals plaguing Florida: Ruling in Wellington case could further complicate Florida foreclosures In this story by Kimberly Miller yesterday, two sentences really sum up the mess our state is enduring: Between July 1, 2010, and June 30 of this year, 104,126 foreclosure cases were dismissed in Florida’s courts,…


July Pending Home Sales continue long term downtrend

By John Galt August 29, 2011 – 10:20 ET The latest report from the National Association of Realtors indicates the end of the cash for clunkers housing stimulus was probably the last peak in activity we will see for quite some time. The amount is higher than last July’s low reading, which is the highlight the NAR will continue to point towards but the reality is that this is a long term trend line to the downside after the failed Obama housing stimulus program which only provided a temporary increase in…


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