MARKETS HIT NEW HIGH, WILL COVID WAR 2.0 KILL IT?

July 1, 2021July 1, 2021

Comments (2)

KEEP A PARACHUTE AVAILABLE IN THE CLOSET
If the Federal Reserve is that concerned with causing a boom/bust cycle in real estate (houses) then why are they buying $40 Billion a day in Mortgage Backed Securities in the face of a white-hot housing market this Spring?? Obviously, they are purposely fueling a housing boom and as we know from the last one, a bust will inevitably follow once 30 year paper yields (sic. mortgages) double in a couple more years. Then watch those $ Million dollar + California homes come back down to planet earth.
One of my neighbors thinks the housing market might then correct, possibly by as much as -50% in high cost, coastal California urban areas. This won’t happen in isolation either, but along with a recession. The first sign of trouble will probably show-up in the bond market ( it usually does ) and then the stock market, and lastly with a months long lag, the real estate market. After that, the pundits will be chattering about a possible “Recession”. Nobody knows exactly when Judgement Day will arrive, however. They all should have learned by now there is no escaping the business cycle. So, keep a parachute ready to go.

July 2, 2021 Craig Bradley

The reality is the whole show is out of David Lynch Movie ( Blues Velvet)
The covid war has not only destroyed the people economically but just look at the medical back log
People are actually dyeing now —they simply can’t get in and their conditions once is easy to heal are now critical
It is expressed in the predatory health care system where, as Steven Brill writes, a trip to the emergency room for chest pains that turn out to be indigestion can exceed the cost of a semester of college, simple lab work done during a few days in a hospital can be more expensive than a new car, and a drug that requires $300 to make and that the manufacturer sells to a hospital for $3,000 to 3,500 can cost the patient to whom it is prescribed $13,702. It is legally permissible in the United States for corporations to hold sick children hostage while their parents bankrupt themselves to save their sons or daughters.
This sadism is expressed in payday loans, for-profit prisons, the privatization of public education and public utilities and the rise of for-profit mercenary armies. It is expressed in the cultural glorification of violence by mass media, the state and the entertainment and the gaming industries. It is expressed in the nihilistic mass shootings at schools, including elementary schools, and workplaces. And it is expressed in the murderous and futile wars we prosecute or support in Afghanistan, Iraq, Syria, Libya, and Yemen.
Laws, institutions, and bureaucratic structures are deformed to serve the interests of a tiny cabal, a rapacious elite, which enriches itself at the expense of everyone else. All are made to bow before the dictates of what Max Weber called the “inanimate machine.” The inanimate machine forces the vast majority into the mass, but it allows a selected few, willing to do its dirty work, to rise above the multitude. These privileged few are given the license and authority to carry out the acts of sadism that have become the primary forms of social control. These enforcers do this work vigorously, for their greatest fear is being pushed back into the mass. The more these foot soldiers for the elite insult, persecute, torture, humiliate and kill, the more they seem to magically widen the divide between themselves and their victims. This is why Black police and corrections officers can be as cruel, and sometimes crueler, than their white counterparts.
http://www.informationclearinghouse.info/56612.htm

July 2, 2021 HandsFree

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