Nationwide Home Sales Collapse: There Is No Recovery and This Chart Proves ItMac Slavo Theyll cite various statistics and give you a feel for the market from their personal experiences to convince you this is the case. But if youre paying attention, then it should be clear that there is, in fact, no recovery in the housing sector. And any gains we may have seen over the last few years are nothing short of a Federal Reserve fueled mirage, much like the stock market. The following chart from Bank of America is indicative of some serious fundamental problems, not just with the housing market, but the broader economy as a whole. In short, were broke as a nation and were broke as individuals. A recent micro documentary that discussed Americas College Debt Bubble in detail predicted that we would soon begin seeing the fallout from trillion dollar student loans. Apparently, that fallout has already begun. But not to worry, because housing experts indicate that we may soon see home sales and prices start to rise, an effect that will be fueled by more jobs and rising incomes: As you have probably deduced, theres one key problem here. There is no job growth. And, any income growth already has inflation priced right in, so purchasing power will not increase and is likely to actually decrease because the rate of inflation is outpacing what Americans are being paid. Thus, if we are awaiting a real estate recovery and the necessary steps for such a recovery require an improvement in the jobs market then you can forget about it. The housing market is the pulse of our nation. It was the trigger event for the collapse of 2008, and it looks like it is now indicating what many of us already know: that we are in the midst of another recession within a broader depressionary trend. Couple this with the Federal Reserve now indicating that they are pulling back on $85 billion in monthly market stimulus, and you can probably guess where this is headed next. Welcome to Round 2. You can read more from Mac Slavo at his site SHTFplan.com, where this first appeared. 