Posted on 03/11/2022 1:53:35 PM PST by marcusmaximus
“Don’t loan money to gangsters.”
Zalenzky?
>>>They didn’t “lose” anything unless they sold.>>>
They lost capital. I think Blackrock has been buying up homes contributing to the real estate inflation. A $17 Billion hit to capital may put a quick stop on that. Real Estate values?...Timber!!!
Too bad he doesn’t know he’s smart /s
The Even-Greater Depression. It’s like the Great Depression, but even greater.
I’m waiting to hear “timber” in Seattle....prices here are insane!
Exactly.
I learned much about economics at the knee of Karl after 2009 - enough to spot econoklowns like Kruggie when they start spouting BS.
I was registered there and commented quite a bit until he changed the site.
Glad I didn't re-register, because he bashed Trump all through his term, and I would have gotten The Ban-Hammer for explaining realpolitik to him.
I still check in several times a week, but I miss The Bar.
Right. The beauty of the derivatives market is that a speculator can buy a credit default swap on a Russian bond without actually owning a bond. It is just a bet that the bond will default. So there can be derivatives in the market that are worth multiples of the face value of the defaulting debt.
“Blackrock is woke, soon to be broke.”
That would be a great day!
And when every single board member gets sent to prison.
Zillow was doing the same thing. It didn’t go very well for them.
Me too. If they do, I’ll go and buy back the vacation condo I just sold for all cash and well over asking ......in 6 days. Crazy!
Hahahahaha!
I guess big banks shouldn’t have supported Biden. :)
Vigilanteman wrote:
“
Now maybe Black Rock can quit bidding up home prices in certain markets and making them unaffordable for young people starting families.
“
Weren’t they —buying— houses, then selling em at inflated prices?
What happens to the houses still in their inventory and not sold yet?
What effect will this have on the housing market ?
vespa300 wrote:
“
>>>They didn’t “lose” anything unless they sold.>>>
They lost capital. I think Blackrock has been buying up homes contributing to the real estate inflation. A $17 Billion hit to capital may put a quick stop on that. Real Estate values?...Timber!!!
“
I think you just answered my question to vigilanteman.
And we will be able to retire near some grandchildren and leave the next generation some housing when we pass.
Exactly
More consequences of a stolen election.
It’s only the beginning of things to come Biden/Xi/Putin three of the most dangerous men in the world united.
You assume both that they would have realized the possibility of far reaching, unintended consequences, and that they would have let concerns about those consequences keep them jumping on the latest bandwagon.
I am somewhat skeptical about the first, and very skeptical about the latter. The only consequences most "leaders" seem able to discern are the career and social consequences of not jumping on the bandwagon. They are oblivious to the possibility that there may be something more at stake.
This will slow Blackrock buying slave labor housing!
Exactlty. The problem is the system where we keep 10% for the big guy. Biden is not the only big guy on the take. He is not even the prinicpal big guy. He gets his 10% because he is a useful idiot for all the other big guys on the take.
Everywhere I look every decision is transactional. Not what is good for the country or the world, but where do I get my 10%. And so our empire of the 10%'ers looking for the next transaction while supportive of every kind of excess and perversion, has run smack into other worlds with different world views. Some transactional Ukrainians hitched their wagon to our transactionalists. Ukraine is getting wrecked as a consequence. It's very sad.
Anyone with a map, a sense of morality and a sense of history could see it coming.
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