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Bitcoin is far, far below the stock to flow model. Inflation is still out of control. Yet, now, a bottom appears to have been established and Bitcoin is moving up at a substantial rate. Below is the stock to flow chart:
This may be a wild ride, for today’s blog! Below is home builders survey results showing hom home builing peaked in 2021, and is falling sharply to recession levels (50). The latest reading is 50.4. A housing recession is coming!:
The home value to income ratio is at 4.9X right now. At the top of the 2006 housing bubble it was 4.5X. This is substantially worse than 2006 bubble territory: