At this point, a Recession is INEVITABLE. I am not guessing here, I mean it.
1. When you have an official inflation of 8%, it really means that the real inflation is ~20%. Never believe in any statistics published by the government, they are all fake. e.g: when the unimployment is said to be 4%, the real figure is around 20-25% because if you are unemployed and are not on the unemployment insurance you don't exist!!
If you have lost your unemployment insurance after 6-18months and don't find another job you don't exist - you just vaporize!!!
2- When the inflation is the way it is today, the only way (I mean it) to bring it down is to reduce consumption. Increasing the interest rate is futile in this case. Reducing consumption means that corporations sell less. Well that means recession since their revenues are decreasing every quarter until the inflation is contained. Houses are the proof - nobody is buying and that's how you bring inflation down.
Waiting for the same in canada....Assuming we can remove these WEF stooges...maybe our kids will be able to afford home ownership one day? Feeling white pilled today. The truth always prevails eventually, and evil will be crushed.
Just remember, as far as stocks, a lot of negativity is already baked into the cake. It matters less what happens next than how it compares to the badness that wall street already expects. Do not necessarily count on a crash from here. Slightly less bad than projected is all we need.
We had inflation that wasn't declared because they changed the CPI to count housing very little.
We worry about gas and food, which is no way as much a cost as housing these days!
But people thought housing price increases were actually a good thing for investments, as if the house you live in should be. Anyway, once you sell, you still have to buy at that high price elsewhere.
So pretty much it's not going to be a big deal to have a price crash, except for the banks and people who own multiple houses. The single house owner that lives in their house can keep their houses as long as they can keep paying the mortgage. But the multiple housing owners who rent them out will not be able to keep their properties mortgage payments.
Yeah and this time because tech is getting hammered they can't get zillow to artificially prop up the market. When zillow folds it should crash it further.
At this point, a Recession is INEVITABLE. I am not guessing here, I mean it.
1. When you have an official inflation of 8%, it really means that the real inflation is ~20%. Never believe in any statistics published by the government, they are all fake. e.g: when the unimployment is said to be 4%, the real figure is around 20-25% because if you are unemployed and are not on the unemployment insurance you don't exist!!
If you have lost your unemployment insurance after 6-18months and don't find another job you don't exist - you just vaporize!!!
2- When the inflation is the way it is today, the only way (I mean it) to bring it down is to reduce consumption. Increasing the interest rate is futile in this case. Reducing consumption means that corporations sell less. Well that means recession since their revenues are decreasing every quarter until the inflation is contained. Houses are the proof - nobody is buying and that's how you bring inflation down.
As simple as that!!!
Waiting for the same in canada....Assuming we can remove these WEF stooges...maybe our kids will be able to afford home ownership one day? Feeling white pilled today. The truth always prevails eventually, and evil will be crushed.
Remember that food and energy are not counted in the % of inflation. The government took them out a number of years ago. Everything is a lie.
I'm more worried about food riots and being dragged away into a FEMA detention (death) camp at this point.
It’s not that way in my part of Utah. Can’t seem to build them fast enough. I get robo texts from dirt bags asking if I want to sell my house.
Just remember, as far as stocks, a lot of negativity is already baked into the cake. It matters less what happens next than how it compares to the badness that wall street already expects. Do not necessarily count on a crash from here. Slightly less bad than projected is all we need.
*not financial advice*
We had inflation that wasn't declared because they changed the CPI to count housing very little.
We worry about gas and food, which is no way as much a cost as housing these days!
But people thought housing price increases were actually a good thing for investments, as if the house you live in should be. Anyway, once you sell, you still have to buy at that high price elsewhere.
So pretty much it's not going to be a big deal to have a price crash, except for the banks and people who own multiple houses. The single house owner that lives in their house can keep their houses as long as they can keep paying the mortgage. But the multiple housing owners who rent them out will not be able to keep their properties mortgage payments.
Yeah and this time because tech is getting hammered they can't get zillow to artificially prop up the market. When zillow folds it should crash it further.
The only financial news I trust is Hedgeye.
Do what you will, but it is what it is.
It’s a crazy world full or frauds and liers, this is the only firm I believe is mostly legit.
They’re crashing the system. For you to welcome the new world order, how bad is it going to get?