Permits plunge but starts surge on revised numbers. The data suggests a very rough future for housing. The corporate yield curve has inverted. The next recession is going to be horrific for those who are not prepared. We are now seeing indicator after indicator showing us that the economic system is breaking down very quickly. Russia and India bypass sanctions and deal in their own currencies. Russia is dumping US treasuries because they are protecting their reserves. Be prepared for the this transition because the hurt is coming.