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sinking stocks,,, supporting the unsupportable
I'm sure that this won't contribute to the stampede.
As safe-haven money piles into bonds, the yield automatically goes down.
Biden unveils $1.7 trillion climate plan, paid for by reversing Trump corporate tax cuts
A shill for the nuke power industry.
THAT is the understatement of the century.
"Jan 15, 2009 - A total of 861,664 families lost their homes to foreclosure last year, according to RealtyTrac, which released its year-end report Thursday. There were more than 3.1 million foreclosure filings issued during 2008, "
"The U.S. entered a deep recession, with nearly 9 million jobs lost during 2008 and 2009, roughly 6% of the workforce"
Banks love foreclosures because they get to keep the invested money and, sell the house to somebody else. With all the lost jobs, nobody could buy all these houses. But, it was of utmost importance to maintain RE prices. How could they do that with the concurrent loss of wages / employment?
The PTB keep trying to maintain high prices when we don't have high wages. They pumped money into the general economy hoping that investors would eventually buy up all the housing. I have a friend who stayed in her house for 7 years after she stopped making house payments. It took a while for the hot money to gradually buy up the foreclosed houses.
If the PTB did not support RE prices, everybody would be underwater on their house and just, default. 3.1 million defaults just in 2008 was catastrophic for the banks. TARP rescued the banks to maintain high house prices.
The Fed caused 93% of the entire stock market's move since 2008 ...
https://finance.yahoo.com
The FED is doing price support for everything in sight. All this is done in the name of maintaining prices that are out of alignment with wages. The money renters are starting to flee the markets and,,, run the the safety of treasury bonds. Also, money is fleeing China and the EU. What happens when liquidity is concentrated in sovereign debt and, flees the private market?
Armstrong said that public debt is going to crash and, private debt will be fine. THAT, I can't believe.
Armstrong, "ANSWER: The rise in interest rates comes with the turn in the ECM in January. However, what you have to understand is there will be a divergence between private and public rates. The central banks really cannot raise rates without creating a budget crisis. The more likely outcome is that governments are losing their ability to borrow in the real market. The public rates are more likely to become simply pegs that render them useless in all practical terms. We have already witnessed this in Europe. The central bank created negative interest rates. All they have done is to kill the viable domestic bond markets."
Armstrong certainly shows a lack of imagination. "governments are losing their ability to borrow in the real market. "
If they can't borrow, they will simply print debt-free money.
Armstrong, "Even a Trump victory in 2020 will still result in civil unrest or if he were to lose (which the system does not favor just yet) we will see the same result. It just appears that in 2020 into 2022, no one will accept whoever wins."
Armstrong is calling for a BIG turn up in interest rates in Jan of 2020. is that when MMT starts?
I'm sure that this won't contribute to the stampede.
As safe-haven money piles into bonds, the yield automatically goes down.
Biden unveils $1.7 trillion climate plan, paid for by reversing Trump corporate tax cuts
A shill for the nuke power industry.
THAT is the understatement of the century.
"Jan 15, 2009 - A total of 861,664 families lost their homes to foreclosure last year, according to RealtyTrac, which released its year-end report Thursday. There were more than 3.1 million foreclosure filings issued during 2008, "
"The U.S. entered a deep recession, with nearly 9 million jobs lost during 2008 and 2009, roughly 6% of the workforce"
Banks love foreclosures because they get to keep the invested money and, sell the house to somebody else. With all the lost jobs, nobody could buy all these houses. But, it was of utmost importance to maintain RE prices. How could they do that with the concurrent loss of wages / employment?
The PTB keep trying to maintain high prices when we don't have high wages. They pumped money into the general economy hoping that investors would eventually buy up all the housing. I have a friend who stayed in her house for 7 years after she stopped making house payments. It took a while for the hot money to gradually buy up the foreclosed houses.
If the PTB did not support RE prices, everybody would be underwater on their house and just, default. 3.1 million defaults just in 2008 was catastrophic for the banks. TARP rescued the banks to maintain high house prices.
The Fed caused 93% of the entire stock market's move since 2008 ...
https://finance.yahoo.com
The FED is doing price support for everything in sight. All this is done in the name of maintaining prices that are out of alignment with wages. The money renters are starting to flee the markets and,,, run the the safety of treasury bonds. Also, money is fleeing China and the EU. What happens when liquidity is concentrated in sovereign debt and, flees the private market?
Armstrong said that public debt is going to crash and, private debt will be fine. THAT, I can't believe.
Armstrong, "ANSWER: The rise in interest rates comes with the turn in the ECM in January. However, what you have to understand is there will be a divergence between private and public rates. The central banks really cannot raise rates without creating a budget crisis. The more likely outcome is that governments are losing their ability to borrow in the real market. The public rates are more likely to become simply pegs that render them useless in all practical terms. We have already witnessed this in Europe. The central bank created negative interest rates. All they have done is to kill the viable domestic bond markets."
Armstrong certainly shows a lack of imagination. "governments are losing their ability to borrow in the real market. "
If they can't borrow, they will simply print debt-free money.
Armstrong, "Even a Trump victory in 2020 will still result in civil unrest or if he were to lose (which the system does not favor just yet) we will see the same result. It just appears that in 2020 into 2022, no one will accept whoever wins."
Armstrong is calling for a BIG turn up in interest rates in Jan of 2020. is that when MMT starts?
Stock up.
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