What are we doing with our new paper RE wealth?

[scaredyclassic]

cynicism pervades academia. evrn john gridhams new book is a thriller about student loans.

[phaster]

I’m evaluating various golden trinkets as investment vehicles/fashion-statements

[quote=POTUS]
With Obama and Bernanke destroying the value of the dollar, gold and real estate should continue to rise in value.

With Obama and Bernanke destroying the value of the dollar, gold and real estate should continue to rise in value.

— Donald J. Trump (@realDonaldTrump) September 24, 2012

[/quote]

http://www.guggenheim.org/blogs/checklist/maurizio-cattelans-golden-toilet-in-the-time-of-trump

http://sdgrillz.com

[carlsbadworker]

“Homeowners, at least in aggregate, are not funding a spending spree with the equity in their homes.”

http://www.mortgagenewsdaily.com/11102017_housing_bubbles.asp

[phaster]

[quote=carlsbadworker]
“Homeowners, at least in aggregate, are not funding a spending spree with the equity in their homes.”
[/quote]

“Homeowners” got burned last time around, so that economic segment in my mind should be put toward the bottom of the pile WRT “risk factors” that could perturb the system

OTOH consider what so-called smart money is doing

[quote]
Hedge-fund billionaire Klarman says Puerto Rico should pay its debts

…The investor admitted his firm acquired the island’s debt through “special purpose vehicles” such as Decagon Holdings so competitors wouldn’t find out his firm was buying the bonds, which “could have an adverse effect on our ability to trade.”

https://www.cnbc.com/2017/10/20/hedge-fund-billionaire-klarman-says-puerto-rico-should-pay-its-debts.html
[/quote]

said another way, the shadow banking “euro-dollar” system, along w/ unsustainable public pension portfolios, THEN stuff being speculated upon using various financial derivatives,… is my bet (pardon the pun) for what is going to cause the next big boo-boo

PS some variation of what has happened in Puerto Rico is most likely going to also happen locally given the news trends,…

[quote]
Deficits projected for San Diego city budget, as raises kick in and pension costs rise

A new analysis shows San Diego is facing significant budget deficits over the next three years that could become much worse if there is an economic downturn.

It’s uncommon for cities to face deficits in a relatively strong economy, but San Diego officials say revenue growth has slowed while expenses have spiked…

http://www.sandiegouniontribune.com/news/politics/sd-me-sandiego-deficit-20171115-story.html
[/quote]

[Author]

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