PROOF the Fed & Jerome Powell was LIED To | Flip Coming.

you know in baseball it's three strikes

a year out well if we had three strikes

to give the fed well they should be out

too because first they were way too slow

at responding to inflation we already

know that old news they were still

printing money in March of this year

hello inflation was over eight percent

and you're still printing money okay all

right let's give you a pass on one

mistake but wait a minute the Federal

Reserve is now over tightening because

of jobs and the jobs Market being super

tight because the Bureau of Labor

Statistics says the unemployment rate is

plummeting and we're creating two and a

half million new jobs or have created

two and a half million new jobs between

March and November even though the

household survey shows we've created but

maybe twelve thousand jobs since then

wait a minute that's a huge disparity

one makes politicians look good and the

other one is oh God yeah that's not

actually as good yet the fat is

tightening as if the job market really

continues to be that disgustingly tight

but then wait a minute now the Federal

Reserve is coming out going wait wait

wait wait okay wait we're starting to

realize the second potential mistake

this is a report from the Philadelphia

fed that actually complains about

exactly this but rather than going all

the way to November where we sit now all

they're going to do is they're just

gonna look at data from March to June

and between March and June it's going to

take him another six months to go to get

all the way to the November data they

suggest that in aggregate only 10 500

new jobs were added During the period

rather than the 1.1 million jobs

estimated by the Bureau of Labor

Statistics okay wait a minute so the FED

is tightening on the basis

that the job market is tight but we're

barely creating jobs

right after the Fed was still printing

money when inflation was at eight

percent

well to me that's two strikes

three strikes are out right

well the FED is finally finally waking

up and realizing their next mistake and

hopefully soon they actually act on it

and the Cleveland fed just released a

working paper

this working paper which I will spare

you the details of it

but this working paper

released here in December 22 is just

released indicates that the Federal

Reserve through all of their research in

this working paper is finally realizing

that wait a minute maybe we should not

measure rent inflation through lagging

indicators like CPI rent and this thing

called BLS

atrr maybe we should use a modified

measure where we actually use leading

indicators and we'll call that this

black line and oh my gosh rental

inflation is plummeting

so now we are at the Third

biggest mistake for the FED in a row and

yet they're still not responding

what's going to be mistake number four

well I'll propose mistake number four

now in the meantime remember I meet

Kevin and the only sponsor on this

channel are the programs on building

your wealth link down below we've got a

holidays coupon code down there and I

would encourage you to check it out

where you get lifetime access to the

programs and building your wealth and

lifetime access to those live streams

for however long I do them when the

market is open every day oh I'll propose

mistake number four

the Federal Reserve wants the housing

market to slow and some people today are

cheering that the housing starts month

over month data actually didn't come in

as bad as expected housing starts only

came in down half of a percent rather

than the expectation of minus 1.8

percent but folks let me share a little

bit of reality with you about how this

stuff works

and then we'll see if the FED is about

to walk into a fourth Mistake by

continuing their aggressiveness

so

when you want to build real estate the

first thing you do is well you find land

to buy and then you buy the land we'll

call that all step one of the process so

that's step one in the process

step two of the process what do you do

you go get permits and you apply for

permits and then there's usually a lag

time between this this could be uh you

know one year over here and then this

could be two years over here and then

guess what you start you start

construction right and then obviously

after you start construction in the

future your goal is to sell those

properties or rent them out okay so

we just got data on housing permits and

housing starts and some people are

jumping up and down that the housing

starts number was not as bad as feared

it was minus point five percent not as

bad as fear

but what are the permits number show

well the permits number

instead of coming in at minus 2.1

percent on a month-over-month basis

actually came in at a glorious negative

11.2 percent and the prior month was

also revised down to negative 3.3

percent so in other words last month's

data was worse for permits than expected

and this month was a Miss by a factor of

five by a factor of five building

permits missed

and yet somehow people have the audacity

to cheer about this

but let's think logically for a moment

if you're a builder and you have

approved permits on land that you

already own

you probably are making the wise choice

of thinking oh Lord let's build these

homes and start them and build them as

freaking P so we can sell them and dump

them as soon as possible because we

bought the land predicated on what we

thought we could sell the homes for

now let's build the homes quickly and

sell them before we get saddled with

this land eating up our money like an

allocator be an alligator because it's

not doing anything it's just sitting

there as land depreciating if we don't

build on it and sell it

so if anything

this in my opinion is a sign of build or

Panic Builders are

finishing out projects faster to get

stuff to Market to sell it

and build our permits in other words new

acquisitions that are turning into

permit applications are plummeting

because Builders laid up

we're good we're just gonna sit here and

we're going to buy back stock

well that's kind of exactly what they're

doing that's what Lennar did in the last

quarter you can't blame them at all

their stock fell and so what did they do

they bought back stock because buying

back their stock right now is a better

financial decision than actually

investing in uh in in buying new homes

or buying new land to build new homes on

in addition to that their sales prices

this is from the Lennar earnings call

you can't make this stuff up their

fourth quarter new sales order prices

declined 9.5 in just the third quarter

in one quarter prices decline 9.5

percent that's insane that's a really

really

bad it's not good at all so is the

Federal Reserve going to continue to

make the mistake of Hawking and Hiking

well judging by the three mistakes

they've made so far yes and as a result

we're probably likely to continue to see

pain in the real estate sector now some

folks like to have this thesis that will

wait a minute Kevin maybe real estate

won't do that badly because wages are up

like five percent and you know if prices

are down like 10 percent and mortgage

rates fall off their Peak a little bit

well you know wages being up prices

being down a little bit maybe that makes

homes actually more affordable than they

were in April of 2022.

this is the part that makes me want to

vomit why would you have wanted to buy a

home in April of 2022 when home prices

in many areas are now already down 10 to

18 from them you don't want to buy a

home at the top of the market at the top

of the bubble you don't want to do that

so instead you want to prepare you want

to build your knowledge in real estate

investing you want to build your

knowledge in property management or

rental Renovations and you want to get

ready for the odds that the FED

continues to make this nasty mistake of

continuing to Hawk damaging the real

estate market further and unfortunately

it's also going to require more patience

for the stock market I'd love to be Mr

moon boy and say everything's going to

be fine I do think that in the long run

everything's going to be fine but in the

short run the Fed even though they're

starting to acknowledge some of their

mistakes

they just continue to go dirty

and this is asinine it's insane that

you're printing money when we have eight

percent stimuli or eight percent

inflation in March of 2022. and now

you're still raising rates when you

realize you were wrong then

you're wrong about jobs now

you're wrong about rental inflation now

and you're causing massive economic

damage to not only companies but to the

housing market

hey look it'll create some opportunities

for us to go shopping at househack

that's for sure my real estate startup

you want to learn more about that go to

househack.com but in the meantime boy oh

boy this is nasty thanks for watching

check out the programs on building your

wealth link down below use code holidays

and we'll see you soon goodbye