No asset is "risk free." That is a marketing term coined by Wall Street bankers and bureaucrats to peddle debt backed by the "full faith and credit" of our now hopelessly insolvent Uncle Sam.
The more they say they are working to make sure there won’t be any contagion, the more you know there will be. The fact is there is already contagion and lots of it.
That is how these big bust events happen every time! They burst on the scenes so big that we are already hearing the bailout bastards beg for help again..
I was writing over a year ago that Powell would not stop till he got to 5% fed funds and 5% unemployment? We are going to get to that 5% fed funds a lot sooner than we get to 5% unemployment.
Because of the steady devaluation of the Federal Reserve note, "gains" on the sale of gold and silver may not actually be gains in real terms. It therefore adds insult to injury to force Americans to pay capital gains taxes on imaginary gains.
Total household debt jumped 8.5% and now stands at a record $16.9 trillion, $2.75T higher than it was before the pandemic. US household debt rose by $394 billion in Q4, 2022..
As we’ve all heard many times, history never repeats exactly. This time around, commercial real-estate is where all the naked swimmers are showing up..
