Debt Rattle October 7 2015
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John Collier Street Corner, Monday after Pearl Harbor, San Francisco 1941 • Storm Clouds Gather Over Global Economy As World Struggles To Shake Crisis
[See the full post at: Debt Rattle October 7 2015]“Q: what happens to house prices when the Chinese stop buying?”
Are we running out of Chinese? We certainly aren’t running out of “Dollars” with which to stuff their pockets full. And I would be willing to guess there are at least a few hundred million who would rather not hang around to participate in a return to iron fisted Maoism down the road.
In fact, immigration from all sources will inevitably absorb existing housing inventory, especially at present accelerating rates. Seems our .gov has decided unlimited immigration equals maximum economic growth. If this eventually ends up at a rate of, say, 20 million legal and illegal new entrants a year in a few years, well,,,Got House?
Last I checked, the Realtors Association was one of the biggest American lobby groups, and the home builders and material suppliers are in there somewhere too. And, after all, home building is a big segment of GDP when going full on.
Has Fannie run out of freshly printed credit yet? Think they will?
“We bring mayhem wherever we go. Maybe we should leave.”
Though I have no love lost for the American Red Cross and the atrocious salaries it’s top dogs drag down, it is it’s Peace Prize winning man in the Oval Office that is adding to it’s humanitarian aid backlog.
“Funny that iPhones count as imports”
Apple has every incentive to make its profits in Ireland etc. Not in China.
The bombing of the hospital in Kunduz was a ‘mistake’. A mistake that lasted for more than an hour, was not a mistake. That was deliberate and intentional.
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