Housing Recovery? Nah! It’s Just Spiking Mortgage Rates

This week’s guests on the radio program are John Rubino and Gene Epstein.

The Washington & Wall Street con game continues more brazen than ever. Good headlines are highlighted & bad ones ignored. Inflation is grossly understated so GDP is grossly overstated. The gold price is capped by counterfeiting banks so that you and I continue to accept intrinsically worthless dollars. But ultimately as the Soviet Union taught us, nature’s laws will prevail.

John Rubino explains why housing industry stats as reported this past week are not what they appear to be and why market-driven higher interest rates are likely to lead to another housing market collapse. Gold, the true and honest money, will prevail. That’s why your host believes gold mining stocks provide amazing upside potential as gold resumes its secular bull market that began in 2002.

Gene Epstein discusses the upcoming NYC Junto as well as some misconceptions regarding unemployment statistics.

Audio
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John Rubino runs the popular financial website DollarCollapse.com. He is co-author, with GoldMoney’s James Turk, of The Collapse of the Dollar and How to Profit From It (Doubleday, 2007), and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street(Morrow, 1998). After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.

Gene Epstein, an economist of the Austrian School–and by political persuasion a libertarian–joined Barron’s in February 1992 as Commodities Editor. The following year, he became the weekly’s first Economics Editor and the first to write the column, “Economic Beat”– his responsibility to this day. In October 2010, he also became the Barron’s Book Review Editor.

Before joining Barron’s, Epstein did a 13-year stint at the New York Stock Exchange, mainly as a senior economist. He has taught economics at the City University of New York and St. John’s University and holds an M.A. in the subject from the New School and a B.A. in history from Brandeis University.

Epstein’s book, ECONOSPINNING: How to Read between the Lines when the Media Manipulate the Numbers, was published by John Wiley in August 2006.