Perhaps it’s a “controlled demolition” rather than a crash. Since Larry Fink took over the Fed, things have been unnatural. Almost like someone is making sure the economy doesn’t crash, but instead certain people continue to make money .
It's more likely the same moral hazard game that Wall Street has been playing since the S&L crisis of the 1980s.
It's always the same thought pattern: why worry about risk when you're essentially gambling with house (taxpayer) money? Then they start losing on big bets and the government "has" to bail everyone out for "the good of the economy."
I’d love to read your update on how you see the Chinese (Evergrande/CountryGardens) fiasco interacting with America’s real estate/banking situation....
Maybe it is dawning on the smaller 'regional" players that they won't be in the favored 500 million people that are going to be allowed to live. No, that's crazy talk, just yet.
Perhaps it’s a “controlled demolition” rather than a crash. Since Larry Fink took over the Fed, things have been unnatural. Almost like someone is making sure the economy doesn’t crash, but instead certain people continue to make money .
It's more likely the same moral hazard game that Wall Street has been playing since the S&L crisis of the 1980s.
It's always the same thought pattern: why worry about risk when you're essentially gambling with house (taxpayer) money? Then they start losing on big bets and the government "has" to bail everyone out for "the good of the economy."
Lather. Rinse. Repeat.
I’d love to read your update on how you see the Chinese (Evergrande/CountryGardens) fiasco interacting with America’s real estate/banking situation....
Maybe it is dawning on the smaller 'regional" players that they won't be in the favored 500 million people that are going to be allowed to live. No, that's crazy talk, just yet.
Still, "the world wonders." https://en.wikipedia.org/wiki/The_world_wonders
I've always enjoyed that phrase for precisely that little snippet of history behind it!
I knew you would get it!