[peterb]

The negative economic news is breaking all records at this time, even without adjusting for how stat lies are now told. The govt is doing things it’s never done before in an effort to buy time in hopes of a solution. I would call these things about the worst indicators possible for the RE market.
Other people going into a feeding frenzy should tell you how people behave, not what’s going to be financially profitable.

[peterb]

The negative economic news is breaking all records at this time, even without adjusting for how stat lies are now told. The govt is doing things it’s never done before in an effort to buy time in hopes of a solution. I would call these things about the worst indicators possible for the RE market.
Other people going into a feeding frenzy should tell you how people behave, not what’s going to be financially profitable.

[peterb]

The negative economic news is breaking all records at this time, even without adjusting for how stat lies are now told. The govt is doing things it’s never done before in an effort to buy time in hopes of a solution. I would call these things about the worst indicators possible for the RE market.
Other people going into a feeding frenzy should tell you how people behave, not what’s going to be financially profitable.

[peterb]

The negative economic news is breaking all records at this time, even without adjusting for how stat lies are now told. The govt is doing things it’s never done before in an effort to buy time in hopes of a solution. I would call these things about the worst indicators possible for the RE market.
Other people going into a feeding frenzy should tell you how people behave, not what’s going to be financially profitable.

[peterb]

I think his old employers and the other bankers told everyone to short their stock back in late Feb as well.
The PRC is totally dedicated to being an export nation. The last thing they want is a strong currency. The USA has a bond market and eventhough the Fed can buy some, it is dwarfed by the size of this market and the world debt market in general. Notice the 10-year creeping up to 3.85%. If this continues, it will decimate the US housing market and it will slow the govt spending severly. Nt sure about this, but I dont think a senior/world currency has ever managed to go into hyperinflation.

[peterb]

I think his old employers and the other bankers told everyone to short their stock back in late Feb as well.
The PRC is totally dedicated to being an export nation. The last thing they want is a strong currency. The USA has a bond market and eventhough the Fed can buy some, it is dwarfed by the size of this market and the world debt market in general. Notice the 10-year creeping up to 3.85%. If this continues, it will decimate the US housing market and it will slow the govt spending severly. Nt sure about this, but I dont think a senior/world currency has ever managed to go into hyperinflation.

[peterb]

I think his old employers and the other bankers told everyone to short their stock back in late Feb as well.
The PRC is totally dedicated to being an export nation. The last thing they want is a strong currency. The USA has a bond market and eventhough the Fed can buy some, it is dwarfed by the size of this market and the world debt market in general. Notice the 10-year creeping up to 3.85%. If this continues, it will decimate the US housing market and it will slow the govt spending severly. Nt sure about this, but I dont think a senior/world currency has ever managed to go into hyperinflation.

[peterb]

I think his old employers and the other bankers told everyone to short their stock back in late Feb as well.
The PRC is totally dedicated to being an export nation. The last thing they want is a strong currency. The USA has a bond market and eventhough the Fed can buy some, it is dwarfed by the size of this market and the world debt market in general. Notice the 10-year creeping up to 3.85%. If this continues, it will decimate the US housing market and it will slow the govt spending severly. Nt sure about this, but I dont think a senior/world currency has ever managed to go into hyperinflation.

[peterb]

I think his old employers and the other bankers told everyone to short their stock back in late Feb as well.
The PRC is totally dedicated to being an export nation. The last thing they want is a strong currency. The USA has a bond market and eventhough the Fed can buy some, it is dwarfed by the size of this market and the world debt market in general. Notice the 10-year creeping up to 3.85%. If this continues, it will decimate the US housing market and it will slow the govt spending severly. Nt sure about this, but I dont think a senior/world currency has ever managed to go into hyperinflation.

[peterb]

I think You’re alluding to supply and demand forces. We can have assets increase in price in other ways besides population growth. We can also have supply constraints for any number of reasons. We can have wage growth as well to push prices up.

Cheap labour is a device to create an increase in profit margin while maintaining product price. But as we are now seeing, cheap labour comes at a societal and real $$ cost. Especially nowadays when there’s substantial social welfare in the system and the economy contracts.

[peterb]

I think You’re alluding to supply and demand forces. We can have assets increase in price in other ways besides population growth. We can also have supply constraints for any number of reasons. We can have wage growth as well to push prices up.

Cheap labour is a device to create an increase in profit margin while maintaining product price. But as we are now seeing, cheap labour comes at a societal and real $$ cost. Especially nowadays when there’s substantial social welfare in the system and the economy contracts.

[peterb]

I think You’re alluding to supply and demand forces. We can have assets increase in price in other ways besides population growth. We can also have supply constraints for any number of reasons. We can have wage growth as well to push prices up.

Cheap labour is a device to create an increase in profit margin while maintaining product price. But as we are now seeing, cheap labour comes at a societal and real $$ cost. Especially nowadays when there’s substantial social welfare in the system and the economy contracts.

[peterb]

I think You’re alluding to supply and demand forces. We can have assets increase in price in other ways besides population growth. We can also have supply constraints for any number of reasons. We can have wage growth as well to push prices up.

Cheap labour is a device to create an increase in profit margin while maintaining product price. But as we are now seeing, cheap labour comes at a societal and real $$ cost. Especially nowadays when there’s substantial social welfare in the system and the economy contracts.

[peterb]

I think You’re alluding to supply and demand forces. We can have assets increase in price in other ways besides population growth. We can also have supply constraints for any number of reasons. We can have wage growth as well to push prices up.

Cheap labour is a device to create an increase in profit margin while maintaining product price. But as we are now seeing, cheap labour comes at a societal and real $$ cost. Especially nowadays when there’s substantial social welfare in the system and the economy contracts.

[peterb]

Few things give up life easily. Be they institutions, nations, people, etc…But the actions of a death rattle are fierce and unusual. The things the govt is doing lately are astonishing. I never thought I’d see this kind of thing. This portends real trouble. IMO.

[Author]

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