Posted on 06/27/2022 7:29:10 AM PDT by Browns Ultra Fan
How blue can you get?
US pending home sales declined -12% YoY in May as The Fed cranked up mortgage rates. That was 11 out of the last 12 months had declining pending home sales.
How about something a little more upbeat … like Gary US Bonds and New Orleans?
The original!
(Excerpt) Read more at confoundedinterest.net ...
“US pending home sales declined -12% YoY”
Declined -12% == Up 12%
At this point we need some new method of backing our currency. The 100+ year Federal Reserve/Central Bank experiment has failed.
Ah yeah, that is the intended consequence we are looking for. The trick is to slow down but avoid recession, which is unlikely at this point given GDP is already 0%, or close to it. Recession here we come.
I wonder what the value of gold would be if we went back to the gold standard.
I thought about that, but having a gold standard would create a shortage of money. That was one of the reasons the Colonies rebelled against Britain—taxes had to be paid in gold but eastern North America has no gold, so it had to be stolen from the Spanish.
The house market is now like musical chairs just after the music stops.
The “housing” market needs killing.
Musical chairs fueled by PhonyBucks leads to fun stuff like October 2008.
When you start hearing ads from guys telling you how to flip houses, you know the party has gone on too long.
there’s so little gold in existence compared to total USD transactions, a $100 gold coin would have to be microscopic in size ...
I like the way you think. Wish more people who get paid to write did.
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