regarding capitulation, it appears that folks' jobs are being trimmed (see this Message 23415569 - many similar examples) at this dire juncture on way towards TeoTwawKi, and should trend continue, presumably still more mortgage papers will go bad, leading to systemic rocking, possibly until natural rhythmic harmonics is reached, and then, when enhanced with your previously supported (do you still support) trade sanctions against China, your financier, like just so Message 23416728 <<"Dollar Slides on China Sanctions">> ... well, the outcome may not be to your liking
while one cannot do anything about the trend, one can seek salvation, ask for forgiveness, just so Message 23416674 <<recommendation: accumulate coal gas oil uranium silver gold palladium platinum>>
so perhaps the house, puffed up on leverage, poisoned by enthusiasm, may not be the place to be to wait out the perfect financial tsunami
... because house values, at so high a margin relative to build cost, in areas with so much land, all requiring cars to travel so much per day, while sheltered with tax gimmicks, but is also a tax target, assessed at puffy values, has started to head down, south, in the unattractive direction, as in firmly and unhesitatingly ... collapsing
is the above script wrong?
dollar down, interest rate up, the biggest carry trade in the universe de-leverages, and the magnitude of the kaboom, via reverse compounding, will make the previous boom disappear, ala dotcom symmetry
dark interregnum, here we come ... upright position, belts and braces
dow may hit 100k, cup of coffee can cost 100, and even so, house can be cut by 50% - think some are available in michigan for usd 29k per 4 bedrooms ... that is even cheaper than China house price ... after all, globalization is planet-wide equalization of cost, and therefore revenue, and so, prices |
