"Short Everything That Guy Has Touched" - San Fran's Lending Standards Put The Last Housing Bubble To Shame

http://www.zerohedge.com/news/2016-07-27/short-everything-guy-has-touched-san-fran-lending-standards-put-last-housing-cycle-s

Krugman's Call for a Housing Bubble

https://mises.org/library/krugmans-call-housing-bubble

Denying Fed’s Role in Housing Bubble, Paul Krugman Exposes His Intellectual Dishonesty

Thanks to Elan for finding this article which proves that Paul Krugman is a f***ing liar.

http://www.foreignpolicyjournal.com/2013/08/23/denying-feds-role-in-housing-bubble-paul-krugman-exposes-his-intellectual-dishonesty/view-all/

I Don’t Get It

http://blog.milesfranklin.com/i-dont-get-it

Meeting of the Federal Open Market Committee on June 29-30, 2005

The Fed knew the housing bubble was about to burst in 2005.  So why did Fed Chairman Bernanke tell the world everything was fine in 2005, 2006, 2007, and even 2008 when we had a financial meltdown?  It's 234 pages long, but if you care to skim it, you'll know the FOMC saw it coming, even if they failed to warn the public.

http://www.federalreserve.gov/monetarypolicy/files/FOMC20050630meeting.pdf

BUSTED: Unsealed Docs Show The Fed Was Fully Warned Of A Housing Crisis

http://www.businessinsider.com/federal-reserve-housing-bubble-2005-2011-1#

New minutes released today show Fed members were fully aware of the growing housing bubble in the U.S. in June of 2005.

The materials include several presentations made on the subject of the emerging housing bubble in the U.S. economy. They have titles like "Is Housing Overvalued?" by Joshua Gallin and "Monetary Policy Implications of a House Price Bubble" by John C. Williams of the San Francisco Fed.

In October of 2005, future Federal Reserve Chairman Ben Bernanke told Congress he didn't think we were in a housing bubble.

Krugman recommended a housing bubble in 2002

So why do government leaders still listen to this Economics Nobel Laureate from Princeton?

http://www.zerohedge.com/article/how-keynesian-archduke-krugman-recommended-housing-bubble-solution-all-americas-post-tech-bu

Ben Bernanke on the housing bubble

http://www.businessweek.com/news/2010-01-04/bernanke-says-regulation-came-too-late-to-curb-housing-bubble.html

Federal Reserve Chairman Ben S. Bernanke said low central bank interest rates didn’t cause the housing bubble of the past decade and that better regulation would have been more effective in curbing the boom.

Stunning. This is the same guy who totally missed the bursting housing bubble. And now he's absolving himself of any blame.

John Paulson's new gold fund

To view this Wall Street Journal article you may need a subscription:

http://online.wsj.com/article/SB10001424052748704533904574543713428787876.html

Highlights, for those who can't read the full article:

One of the biggest investors is placing a huge new bet on gold.

John Paulson, who scored about $20 billion of profits between 2007 and early 2009 wagering against the housing market and financial companies, is launching a hedge fund dedicated to buying up shares of gold miners and other bullion-related investments, according to investors.
...
The affinity for gold represents something of a shift for Mr. Paulson, who gained recent recognition as a contrarian. As the dollar has fallen, investors lately have flocked to gold, which traditionally served as an alternative to paper currencies. As the supply of these currencies has risen lately amid government efforts to stabilize global economies, some investors believe their value will fall, helping gold.
...
Mr. Paulson at Tuesday's investor meeting countered that the bull run was only beginning for gold.

He noted that central banks around the globe have gone from sellers of gold to buyers, and that the global supply of gold is constrained.

While harmful inflation isn't on the horizon, he said, Mr. Paulson argued that there is a risk of a burst of inflation down the road. That's because in the past there's been a lag between a surge in money supply and higher inflation. Gold often does well when inflation rises.

Mr. Paulson told investors that the Federal Reserve will prove reluctant to raise interest rates, given the weakness in the economy, which also could pave the way for higher inflation, at least at some point, another reason for his growing conviction about gold.

Worth about $6 billion, Mr. Paulson said he was starting the new fund in part to give himself more personal exposure to gold, according to an investor at the meeting.

The embrace of gold is relatively new for Mr. Paulson. The hedge-fund manager, who mostly invested in merger deals until detecting a housing bubble in 2006, had done no gold investing as of a year ago.