“Today’s inflation throughout the world, not only in the United States but now in Europe, is led by pure monopoly powers, headed… by energy and food prices.

The United States and NATO are trying to blame inflation on Putin and Russia not exporting oil and gas to Europe, as a result of the NATO sanctions against it, but gas hasn’t stopped yet, and… the U.S. oil companies have said that, looking forward, they see a supply problem, and they’re raising prices now even though the supply of oil hasn’t really changed at all.

So you have supply being fairly constant, but prices going way up, because the oil companies say, ‘We anticipate they’ll go up, therefore we’re raising oil prices, because we can.’ Well, the same thing is happening in agriculture.

You’re also having rent rising as a result of the plunge in home ownership rates, that started with President Obama’s mass evictions of the victims of junk mortgage lending.

And the private capital investors that are taking over all of the houses, the owner-occupied houses that have defaulted, they’re being sold off, and you’ve had home ownership rates falling by about 10 percent in the United States since 2008.
Well now you have companies like Blackstone very sharply rising rents. In New York they’ve been jumping by about one-third in the last year. So again, with the same amount of real estate, prices are going way up.

“So none of this can be blamed on labor,” Hudson stressed.

nothings gonna happen nigga

swear to god

😭😭we up 2023-4 on god

big facts

imma bookmark this page for once 2024 comes rolling around

🙄

US Government : Hold My Beer 🍻

For Canada, the effects will likely be worse than in 2008 as we didn't have it as harsh.

But this time around in Canada a credit bubble will burst and that's without even taking into account all the new households that rushed into the hyperinflated housing market during covid.

So sit on cash is what you’re saying? Get out of the market rn type s***?

And if let’s say, somebody had a condo they were looking to sell, best to sell it now?

I won't act like I have the answers, but I don't feel like sitting on cash is the solution either considering the inflation we're living isn't going anywhere anytime soon.

It’s better than having your holdings tank with the markets though right? What about the housing markets? You think they’ll drop house prices?

Prices of houses in Canada are already slowly dropping with the rise of interest rates and it'll be even more if people start defaulting on their loans (not only mortgage loans)

Thread just popped back in my memory

A year later is the US in a recession?

Always

I’ve done the math, September it is

recessions are part of the real business cycle

there is an output gap, interest rates rising to combat inflation means less demand as borrowing is more expensive

it will pass, it’s either soon or at some other point

Ik this is an old comment but I think they are dropping slightly in my state bordering you

I've only looked at trailers lately but they're commonly a lot cheaper than the end of last year when I said I'll pass on any trailer costing 80k+ while everything else was just garbage or at trashy af parks

Holy f*** a clients mom is showing me housing prices in Texas and theyre nuts

The cost of a 5 bedroom is the same as a 2 bed here

I don't want to live in Texas but maybe I do want to live in Texas wtf

Nope

I know, f*** Texas, but man...

I would not live in a place where I fear everybody because they have a gun

Agreed plus it's so f***in hot and the failing power grids or whatever

But a 5 bed 3 bath with a pool and fenced yard for under 300k.... F***

f*** it we ball