At this point, homes in the U.S. have never been more unaffordable than they are right now.
Even after accounting for inflation, home prices have never been more expensive than they are now.
So we are moving into a time when U.S. consumers will find it much more difficult to take on new debt.
That's Doug Lawler, chief executive of Continental Resources, the shale-drilling giant controlled by billionaire Harold Hamm, telling Bloomberg News on Monday that crude prices are set to remain elevated and could press to the $120- to $150-a-barrel range without new production.
More price pressure is coming, he said, unless policies are put in place to encourage more output.
Michael's new book entitled "End Times" is now available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.
In addition to my new book I have written six other books that are available on Amazon.com including "7 Year Apocalypse", "Lost Prophecies Of The Future Of America", "The Beginning Of The End", and "Living A Life That Really Matters".
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