{"id":20447,"date":"2022-12-13T15:54:28","date_gmt":"2022-12-13T20:54:28","guid":{"rendered":"https:\/\/www.jeffclarktrader.com\/?p=20447"},"modified":"2022-12-13T15:54:28","modified_gmt":"2022-12-13T20:54:28","slug":"prepare-now-for-the-coming-housing-crisis","status":"publish","type":"post","link":"https:\/\/jeffclarktrader.com\/market-minute\/prepare-now-for-the-coming-housing-crisis\/","title":{"rendered":"Prepare Now for the Coming Housing Crisis"},"content":{"rendered":"

Andrew’s Note: <\/strong>Andrew Miller here, managing editor of Market Minute.<\/em><\/p>\n

Investigative journalist and former Goldman Sachs executive Nomi Prins correctly predicted the 2008 crash, and now she sees another crisis happening soon in the housing market…<\/p>\n

You see, mortgage rates have more than doubled, and the housing market is going into a deep freeze. And there’s a historic event scheduled for December 14 at 2 p.m. ET that could send the housing market into a meltdown…<\/p>\n

But Nomi has already found a new opportunity that will prepare you for this event<\/a>, and it could help you recoup some of the losses you had in 2022.<\/p>\n

To get prepared, join Nomi tonight at 8 p.m. ET, where she’ll give away a new recommendation in what she believes could be one of the top plays of 2023. Just click right here to automatically sign up<\/a>.<\/p>\n

Below, read on about the coming financial crisis, and how you can position yourself for it…<\/p>\n

\n

Prepare Now for the Coming Housing Crisis<\/strong><\/h2>\n

By Nomi Prins, editor, Inside Wall Street with Nomi Prins <\/em><\/strong><\/p>\n

In the ’90s, I was a senior managing director at the then-famed Bear Stearns.<\/p>\n

The U.K. headquarters were located at One Canada Square, in Canary Wharf. It’s now one of the most important business districts in the world.<\/p>\n

My office was on the 25th floor. That means I was, so to speak, on the ground floor of investment banking in the U.K.<\/p>\n

And I built one of the most admired analytical teams in London finance, from scratch.<\/p>\n

But years later, things got out of hand in the world of global investment banking.<\/p>\n

Bear Stearns went bust in March 2008. Later that year, Lehman Brothers – another one of my former employers – also filed for bankruptcy.<\/p>\n

Lehman’s collapse was a key trigger event for one of the worst global financial crises we’ve ever seen.<\/p>\n

It sent ripples throughout the world. And it exposed the toxic rot that, among other things, lay at the core of the housing market collapse in the U.S.<\/p>\n

Today, we’re moments away from another housing crisis that could trigger a wave of bankruptcies on Wall Street. According to Bloomberg:<\/p>\n

\n

The wave of [bankruptcies] that’s coming could be the worst since the housing bubble burst about 15 years ago.<\/em><\/p>\n<\/blockquote>\n

But it will be different from the housing crisis we saw in 2008. And this time, I want you to be prepared.<\/p>\n

Because if you know what’s coming – and ways to position yourself for it – it’s actually a chance to turn this crisis into profits.<\/p>\n

I’ll get to more on that in a moment. But first, let’s revisit that pivotal moment in our economy’s history…<\/p>\n

Fast Money and Greed<\/strong><\/h2>\n

After Bear Stearns went bust in March 2008, JPMorgan Chase bought up parts of it.<\/p>\n

But Bear Stearns wasn’t the only doomed bank casualty of the financial crisis of 2008.<\/p>\n

It was one of a list of financial players that ignored risk while stretching out for fast money and greed.<\/p>\n

Lehman Brothers also had its European headquarters in Canary Wharf. It filed for bankruptcy on September 15, 2008.<\/p>\n

The very next day, the British investment bank Barclays moved to buy up Lehman’s U.S. operations.<\/p>\n

But by then, the psychological damage was done… and the stability of the markets was wrecked.<\/p>\n

Lehman’s collapse sent the world into a financial tailspin, and then into an economic crisis of a kind not seen in generations.<\/p>\n

Governments unleashed epic bailouts on Wall Street and global banks. Central banks unloaded an arsenal of loose monetary policies in an effort to prevent a feared fallout of the entire global financial system.<\/p>\n

That was the first phase of The Great Distortion I often write about in Inside Wall Street<\/em>. My regular readers know that story. And many of us saw the consequences firsthand.<\/p>\n

Unemployment skyrocketed. Bankruptcies snowballed. People were forced from their homes. And millions were pushed into poverty.<\/p>\n

When all was said and done, $10.2 trillion had been wiped out, ruining the retirement of millions… 8.7 million Americans lost their jobs… and nearly 10 million lost their homes.<\/p>\n

The truth is that the biggest banks got too complex with their trading. They were offering up products to investors, pension funds, and cities around the world.<\/p>\n

They promised them financial innovation and upside.<\/p>\n

But the system buckled when every institution was over-leveraged. Banks risked the well-being of the economy in order to make money.<\/p>\n

They failed. Most of them got bailed out.<\/p>\n

Central banks got massively more powerful in the process. Then the pandemic hit in 2020, and they fabricated money again.<\/p>\n

That is when The Great Distortion became a permanent <\/em>one.<\/p>\n

Ignoring History Could Be Costly<\/strong><\/h2>\n

Unfortunately, we’re now barreling towards a similar kind of situation.<\/p>\n

Here in America, the house of cards is on the verge of collapse. And if you have exposure to the stocks caught in the crossfire, the losses could be catastrophic.<\/p>\n

But there’s good news…<\/p>\n

Armed with the right strategy, it’s possible to turn this crisis into big profits.<\/p>\n

And I’m taking what I learned during my 15 years on Wall Street and in London to give you the chance to do just that.<\/p>\n

Tonight, at 8 p.m. ET, I’m hosting a special strategy session – Countdown to Housing Crisis 2.0<\/a><\/em>.<\/p>\n

I’ll show you how a legendary investor is already betting $200 million against the housing market…<\/p>\n

I’ll reveal the looming Washington event happening this month<\/em> that could send this house of cards collapsing…<\/p>\n

And I’ll tell you about a strategy that Wall Street loves… that can give you the chance to “flip” losers into big winners.<\/p>\n

I’ll even give away a free recommendation that I believe could be one of the #1 plays for 2023.<\/p>\n

So be sure to join me tonight at 8 p.m. ET. Just RSVP with one click right here<\/a>, and I look forward to seeing you there.<\/p>\n

Regards,<\/p>\n

Nomi Prins
Editor, Inside Wall Street with Nomi Prins<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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