Repeat Of 2008 Financial Crisis As Wave Of Foreclosures Coming | Chris Vermeulen
The David Lin Report
Shownotes Transcript
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Chris Vermeulen, Chief Market Strategist of TheTechnicalTraders.com, discusses the brewing housing crisis and the impact on banks, as well as his outlook for equities indices, tech stocks, gold and the dollar.
*This video was recorded on June 24, 2024
Chris' last interview with me: https://youtu.be/WgxouYMP4jQ?si=L2R8C...)
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CBC videos referenced: Why banks are bracing for a mortgage renewal cliff: https://www.youtube.com/watch?v=42dIp...) Why are so many big-city condos sitting empty? https://youtu.be/xGfFBP7U7pQ?si=KCdxQ...)
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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00) - Intro 0:46) - Housing markets 7:37) - Banks 12:45) - Holding real estate 13:55) - Housing supply 17:10) - Indicators of housing correction 19:42) - Tech vs rest of market 25:13) - Sector driven market 34:00) - Gold 36:26) - Dollar 37:50) - Asset “revesting"