Don’t Get Caught on the Losing Side of This Housing Meltdown

[Inside Wall Street with Nomi Prins]( Nomi just came forward with what could be the most urgent warning of her career… An event in Washington this month could trigger a major housing crisis, and a string of bankruptcies, similar to 2008. But if you’re armed with the right strategy, you can turn this crisis into an opportunity. That’s why, in a special strategy session, Nomi revealed a little-known technique she learned on Wall Street that could help you turn this crisis into big profits. She even gave away the name and ticker symbol of an opportunity she believes could be one of the top plays of 2023. [For a limited time, you can still watch the replay](. Don’t Get Caught on the Losing Side of This Housing Meltdown By Nomi Prins, Editor, Inside Wall Street with Nomi Prins “Home prices are falling at the fastest rate in 15 years.” That was a Business Insider headline on Monday. And since August, the National Association of Home Builders has been sounding the alarm on housing, too. The association’s chief economist, Robert Dietz, warned: Tighter monetary policy from the Federal Reserve and persistently elevated construction costs have brought on a housing recession. Then, in November, home builder sentiment reached one of the lowest levels in more than a decade, after falling for 11 straight months. But that’s not the worst of it. Because as I’ll show you in today’s essay, things are about to get a lot worse in the housing market… Recommended Link [Get early access to Market Wizard’s top strategy for 2023]( [image]( Larry Benedict is an incredibly successful yet relatively unknown trader. For the first time, he is coming forward to share a brand-new forecast to make all the money you need in any market, using a single stock. [Click here to watch the video that could jump start your investing in the New Year.]( -- Home Builder Confidence Hits a Troubling Low The National Association of Home Builders keeps tabs on home builders’ confidence. And right now, builders aren’t feeling too good about home sales. Take a look at the chart below… [Chart] It shows the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). [Featured: Former Goldman Sachs Exec: Everyone on Wall Street is investing, should you?]( It’s a gauge of builder confidence on current and future single-family home sales. A reading above 50 indicates a positive outlook on home sales. A reading below 50 indicates a negative outlook. As you can see in the chart above, the latest reading is 33. The last two times it dipped that low were in 2006, leading up to the 2007-08 housing crisis… and again briefly during the 2020 pandemic. Recommended Link [Former Goldman Sachs Exec Who Predicted 2008 & 2020 Says This is NEXT…]( [image]( Life in America is not as it seems… And thanks to recent unprecedented decisions by a strange force of unelected officials… Americans may now experience a level of financial insecurity and suffocation of freedoms bigger than the crisis of 2000…2008… and 2020 - COMBINED. Months from now we may look back to – this moment – as the end of the middle class. Stephen Roach, a former chairman at Morgan Stanley, says: [“U.S. living standards are about to be squeezed as never before.”]( Newsweek says: [“[This] Will Be The End of American Freedom.”]( And HuffPost says: [“[This] Is Making The Rich Richer, and Leaving You Behind.”]( But a new “boots on the ground” investigation reveals Americans will be forced to make a drastic decision… Become one of the ‘new poor’ in America… Or the ‘new rich’. While everyone else could end up in “Permanent Recession”. [Click Here To Get The Details.]( -- Meltdown Warnings Now, when builder confidence dipped in 2020, it recovered in just two months. But that was a unique situation, and I wouldn’t bet on a quick recovery this time. Here’s why… When the markets crashed in 2020, the Fed turbo-charged its easy-money policy. It grew its balance sheet by close to $3.2 trillion in 2020. And it added another $1.4 trillion to the books in 2021. But since then, it’s taken away some of the easy money by raising interest rates aggressively. From near-zero at the start of 2022, the main Fed Funds interest rate is up to 4.25-4.5% today. That’s the highest it’s been since 2007. That aggressive policy is already hurting the housing market. [Featured: One Stock Doubles Your Money, During Crisis?]( When the Fed increases rates, it inhibits the average home buyer from buying a home. Add in inflation, which is still near 40-year highs… And it becomes a lot harder for people to afford a mortgage. We’re already seeing signs of a slowdown… Single-family home starts are down 23% since the beginning of the year. Multifamily construction is down 17.1%. Meanwhile, existing home sales are down 32% since their January peak this year. It’s gotten so bad that some economists are warning we could be on the verge of a housing meltdown. Recommended Link [$19 Makes Your Trading Bulletproof? (From The Man Who Has Doubled His Money 12 Times in 2022)]( [image]( “My name is Jeff Clark. For the last 38 years I’ve used one of the world’s most controversial trading strategies to profit during any market. Recommending ‘double your money trades’ 10 different times in 2008… 7 times in 2020… And 12 times already in 2022. REGARDLESS of a bull OR bear market… And after managing money for 100 of California’s wealthiest CEOs, athletes, and celebrities… Training over 1,000 people to become licensed stockbrokers – many of them joining mega-firms like Merrill Lynch or Paine Webber. And predicting the 2020 & 2022 crashes weeks in advance… I am now revealing the entire strategy, a 10-second demo, and even sending you the trade alerts EVERY single month… for just $19. No hidden costs, no B.S. [Click here]( before this special offer is taken down.” [Click Here to Get The Details.]( -- Another Fed Blunder If this was part of the Fed’s plan to cool the housing market with its rate hikes… it’s a poorly executed one. The time to cool the housing market on purpose would’ve been a year, a year-and-a-half ago. But that’s when the Fed still insisted that inflation was “transitory.” But now it’s too late. To the extent that today, I believe we’re not far away from another housing crisis that could trigger a new wave of bankruptcies on Wall Street. As Bloomberg put it: The wave of [bankruptcies] that’s coming could be the worst since the housing bubble burst about 15 years ago. Now, just to be clear, this time the cause will be different from the housing crisis we saw in 2008. But the outcome will be the same: If you’re not prepared, your portfolio will suffer. That’s why this week, I hosted a special strategy session to show you how this crisis will play out, and how you can take advantage of it. Thousands of your fellow readers tuned in to [Countdown to Housing Crisis 2.0](. I showed them how a legendary investor is already betting $200 million against the housing market… I revealed the looming Washington event that happened this week that could send this house of cards collapsing… And I uncovered a strategy that Wall Street loves… that can give you the chance to “flip” losers into big winners. I even gave away a free recommendation that I believe could be one of the top plays for 2023. I’ve asked my publisher to make a replay available. But I can’t promise it’ll be online for long. [So if you missed it, don’t wait to watch the replay here.]( Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). --------------------------------------------------------------- MAILBAG Nomi recently wrote about [the reality of the U.S. Fed coin]( and the Fed’s desire to move away from physical cash toward a central bank digital currency (CBDC). Here, a reader shares his thoughts on this development… Government restrictions on the use of cash in order to drive people to digital currency have already begun. Just this week Nigeria announced tight restrictions on how much cash people and companies could withdraw from a bank or ATM. – Kevin W. What would society look like without cash and only the use of a digital currency? If Nomi’s prediction about this housing crisis triggering a new wave of bankruptcies on Wall Street comes true, what will be your strategy? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Don’t Get Caught on the Losing Side of This Housing Meltdown). IN CASE YOU MISSED IT… Top Expert on Seeking Alpha reveals: [The SWAN Retirement Blueprint]( How to make all the money you need for a comfortable retirement – in any market – with a small portfolio of unique stocks. [Click here for details – including the name and ticker of his #1 stock.]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. 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