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Future generations will be able to afford a home just no in the NE, West Coast or parts of Fla. Most of those locations are run by nanny state governors. So they are adding to what the fed is doing locally
When prices fall in this high coast locations AGW will be blamed as fear of flooding must be the case right.
They make sure to keep real estate inflated forever, with low interest.
I wouldb't be surprised though if demand is kept artificially high somehow. Not sure about this, just speculating.
they won't be able to do this forever.
sooner or later, even the masses will realize the ongoing charade and when they do, they'll lose faith in the USD and they will lose control of interest rates. when that happens, we'll be in a world (literally, the entire world) of hurt.
they won't be able to do this forever.
sooner or later, even the masses will realize the ongoing charade and when they do, they'll lose faith in the USD and they will lose control of interest rates. when that happens, we'll be in a world (literally, the entire world) of hurt.
Some experts are predicting a major disaster, but they can't say when.
Either raising interest rates OR a recession could trigger the disaster, they say.
Rich investors and some of the upper middle class are doing great, but many millions are having a hard time. Consumers are spending less, and that means less profit for many businesses.
Will the Fed continue printing dollars and bailing out failing businesses forever?
This can't go on, but it can't stop either. Yet the mainstream news is telling us everything is fine thanks to the Fed.
Let's go back to the 1820s or so, when banks were for storing money and lending it out for interest, and the government existed mainly to incarcerate outlaws and guard the borders.
It doesn't have to be one extreme or the other. We could have a central bank that is kept under strict limits. We could decide that debt matters and irresponsible risk taking should not be rewarded.
Don't forget The Long Depression 1873-1879 or more likely 1873-1896. Frankly, the economy was in some form of distress, recessions/depressions, banking panics, short term price instability etc., most of the time from 1873 through WWII.
It doesn't have to be one extreme or the other. We could have a central bank that is kept under strict limits. We could decide that debt matters and irresponsible risk taking should not be rewarded.
Where is irresponsible risk being taken now? We just had a thread here the-point-of-which-was banks are tightening standards and becoming more picky.
Where is irresponsible risk being taken now? We just had a thread here the-point-of-which-was banks are tightening standards and becoming more picky.
The biggest Wall Street banks started needing bailouts a year ago. Investment banks are allowed to gamble with depositor's money, therefore the Fed must bail them out. They were rewarded for irresponsible insanity in 2008, and again before the pandemic even started.
Big corporations that were already in debt and had no reserves were bailed out once the pandemic started.
The lesson for all these to big too fail banks and corporations is that they can depend on the Fed if they get in trouble. No need for sensible management.
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