Welcome Steemian friends. Below please see several charts that in my opinion show clear cut evidence of what lies ahead in the US economy. We are talking about a major housing bubble about to break. Let's look at the eveidence.
The chart above compliments of the Federal Reserve shows over the last ten year period only a twenty one percent gain in hourly wages.
Over the same time frame new home median sales prices have escalated 60 percent! This can't be sustained. Now look at what the price of lumber has done recently, below.
The above, complements of stockcharts.com shows a parabolic move in lumber over the past two years which is a bubble if ever there was one! This market will come down quite soon and quite hard.
The DOW chart above broke in January. Does that one look like a bubble? And, as I've written recently, it would be no surprise for the Plunge Protection Team (gov't) to do what is necessary to prop up markets through the mid-term elections. The Dow could approach the January Highs.
Now look at the "OIL PATCH" below, the production and the consumption.
Throw 100 dollar per barrel oil into the equation, because that is exactly where we are headed.
Everything to these eyes points to trouble on the economic front. And its a situation that will produce a declining dollar and rising gold and silver prices before 2018 is over. This scenario will accelerate in to 2019 and for quite some time.
The precious metals, and I do believe the cryptos, are your insurance against what lies ahead with "fiat" in decline.
I am appreciative of you visiting Yankee-statman. UPVOTE-FOLLOW-RESTEEM.