Doug Casey: The NEW Housing Crisis and the largest transfer of wealth in history
IN TODAY'S EPISODE: Are we witnessing the largest consolidation of wealth in human history? Small businesses are being wiped out and it looks like the small landlords might be next. Millions of Americans are behind on rents and mortgage payments. In today's episode we discuss how this crisis might unfold.
Articles discussed today:
From the NYT: Opinion | What's Between 30 Million Americans and an Eviction Tsunami? - https://archive.vn/7xckL
U.S. Poised for Wave of Evictions in January as Federal Ban Expires - WSJ https://www.wsj.com/articles/u-s-pois...
$2T in MBS already on the FED's balance sheet: https://fred.stlouisfed.org/graph/?g=...
Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/metals/mining, energy, commodities, and technology. Since 1979 he has written or co-written the monthly metals-and-mining-focused investment newsletter The International Speculator. He has authored four books, including Crisis Investing