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Dear Reader, Happy Monday! Today I want to talk about the housing market … 
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Get the name of the stock here >>> --------- About six months ago I started to ask myself why houses are so expensive. Why are so many folks, including many people I know who make six figures… dual-income families… Why are they having such trouble affording a home in America? Now, as I’ve talked about here before, we know that housing prices have doubled in the past 10 years. They really started to march up in 2014, and then of course during covid. And we know that incomes have only increased 13.8%. So housing prices have jumped 100%; incomes have increased 13.8%. What I was surprised to find out is that right now, we have the biggest housing bubble in U.S. history. This current housing bubble is 23% bigger than the one that caused The Great Recession in 2008-‘09. We know that because… While in the stock market you have P/E (price-to-earnings) ratios which tell you the price of the stock in relation to the earnings of the company over the prior 12 months … In the housing market we have the P/I (price-to-income) ratio, which tells you the average price of homes in relation to the average income in America. Now, for the past 50 years since records have been kept (in a modern, meaningful sense of the word), the price-to-income ratio for houses in the U.S. was 3.4. Meaning that the average house cost about 3.4-times someone’s annual income. Now during The Great Recession, houses got to a then-historic high of 4.7, meaning that houses were 4.7-times the average income in America. Today, we know that housing is at 5.8-times the average income in America. That’s 23% bigger … We are in a real estate bubble 23% bigger than the one that caused The Great Recession. But nobody’s talking about this. Certainly not in an election year when there’s just massive amounts of stimulus being pumped into the economy. Basically, we have an economy pumped full of “performance-enhancing drugs” of massive fiscal stimulus from the Biden administration. The only time in history we saw fiscal stimulus this big as a percentage of GDP was during World War II. And remember, there was no policy FDR and the government could make to take us out of The Great Depression… What got us out of The Great Depression was spending on warfare. So we are now spending an amount that is on par with the amount spent during WWII to take us out of The Great Depression. This is mind-boggling to me. It is almost too much to comprehend. We’re all old enough to know that if you go on a bender for three days, you wake up with a terrible hangover. You might be able to get through day 1, day 2, day 3, but when that music stops, you will be left without a chair. This kind of spending is not sustainable. And this new housing bubble – the biggest in U.S. history – has gotten so bad that both presidential candidates have started to talk about it on the campaign trail. They’re actually framing it as, “we need more houses! We need more houses! We need more houses!” Because they don’t know how to else to talk about it. They understand how bad this housing unaffordability is ... But what are they going to say? This is a housing bubble? No. That’ll create a panic. No one’s in the business of creating financial panics. So, we find ourselves in a situation that is very much like 2007. When the Fed started to lower rates during the last bubble in September of 2007 (the same date actually that the Fed started lowering rates this year), the market did great for six months. But in April of the following year the market really started to crack. And of course we know the market went down 50% during the rest of 2008. So basically, it took about six months for the euphoria and the crazy to die down after the Fed started cutting rates in 2007. We might be in a very similar situation now. And we remember how painful that was. I have friends who saw their retirement plans set back five years. I have a couple of elderly friends who are still working at local grocery stores because The Great Recession wrecked their retirement plans so much. So we’ve put out a new documentary for you, to really break this story for the first time. We show you how you can protect yourself from the housing side of this, and three steps you should be looking at right now to hedge yourself, your family and your retirement. Here is a pre-launch preview of The Biggest Bubble in U.S. History. I’m sharing this just with my Diary readers – please – take a look and let me know what you think. "The Buck Stops Here," 
P.S. As bad as this housing situation is, the way Trump and Harris are attacking it there’s one stock I believe stands to soar 1,000% no matter who wins the election. Get the name of this stock plus the stocks to dump before the election right here >>> | 
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