John Rubino of DollarCollapse.com joined us today. He sees that the real estate bubble, which looked like it was successfully reinflated, has begun to deflate. Higher interest rates, a slowing economy, and other factors appear to be taking their toll. Currently, over half of real purchases taking place are for cash. This means that investors are the primary market and that the public is largely absent from the home market arena. Other disturbing trends are in place. War clouds are on the horizon and the developing economies are seeing hot money draining out of their economies. Where’s the next black swan going to appear? Good question and no doubt the answer will present itself shortly.
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