Peter St Onge Podcast Ep 127 Weekly Roundup: 500k more Home Sellers than Buyers
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Jun 30, 2025 This week dives into the stark reality of the housing market, with a notable surplus of sellers outpacing buyers. It also reveals a troubling snapshot of China's electric vehicle industry facing significant struggles. Exploring economic shifts, the discussion highlights how government policies and migration trends are impacting blue-collar wages. The episode critiques the heavy burden of U.S. military spending and the varying perspectives from allies on defense commitments. Each topic unveils surprising insights into the current economic landscape.
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US Housing Market Frozen
- Half a million more home sellers than buyers signal a frozen US housing market.
- Buyers can't afford triple mortgage rates, sellers can't risk higher payments from selling.
Stablecoins Threaten Banks
- The Genius Act legalizes private stablecoins backed by real assets, threatening crony banking.
- Stablecoins offer a cheaper, instantaneous alternative to traditional bank and credit card fees.
China's EV Industry Imploding
- China's EV industry is imploding with mass price cuts and thousands of failing companies.
- The crash reveals dangers of government stimulus flooding markets with cheap money causing systemic overcapacity.