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Question 1) No.The ECB is going to continue destroying the working class of Europe and participate in fake liquidity.

Question 2) Goldman Sachs Douche Bank predictions? Keep an eye on the volatile bond market. Commercial real Estate has been hit very hard. The real estate housing market is next on the chopping block. Black-rock and Vanguard continue there buying spree. They are not done. Prices will drop in many areas but will hold strong in others. Whether there is a drop or not, residential ownership is a plus. Pay off your mortgage. You will weather the storm.

Question 3) Roll out the “Goy” Powell? Obviously the “it” has been programmed to say very little if anything. Gender neutral pronouns are applicable to this group of “whodunnits.”

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Keep up the good fight gm no worries

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We forgive you Mr. Greg...

...I am waiting for Cage to post something like....

"Greg lies, the queen dies!" :)

I imagine she made more profound errors than misquoting Goldman Sachs....

I hope she's forgiven.

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If you post just ONE intelligent comment on this blog I'll give you $1,000

You are a mindless tool.

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Naturally, any market, inclusive of the real estate market is on it's most rudimentary

foundation a living market. So, watch this, when sales prices drop dramatically for

"existing homes" what will a normal homeowner do under those circumstances over

time? Assuming a 39% drop in housing prices, then your existing listings after failing

to sell after a period of time for the current price, the owner will take the home "off the market" which then reduces listings "on the market" of existing homes. The only buyer that will be willing or

able to sell under 39% drop in the market would be a "desperate seller of an existing home",

who has extensive debt both on the home and/or credit card or auto loans or possibly

an estate in which the heirs to the estate just want the cash out and get rid of the home.

The percentage of the trapped sellers is dwindling as many had already been vacuumed

up in the previous housing debacles. So, listings of "existing homes" will start dwindling

thereby balancing any lower house sales basis over time. Everything is all relative to other

factors. In terms of the "new housing additions", these homes have terminal values in terms

of their actual costs, labor, etc. by the contractor, who built them and based upon higher costs

for the building materials and labor to construct them currently. So, the new homes can only have a

minimum sales prices consistent with the "actual cost of the home" as the underlying nexus

for price point for the new home. If contractors fail to obtain the price point necessary they

will then have to slow new housing until that price point or cost of construction for the homes equals or exceeds the purchase price willing to be paid by any buyer(s). That's basic economics unless the contractor involved has open ended low interest cash at which point they can sit on the already constructed home for some time possibly throwing in extra features for sales at the higher purchase price.

While Greg has expounded about the inflationary effects of the Fed Reserve moves one would

have to think outside or possibly inside the box of the Fed to understand the reasoning why?

If the Fed expects a down trending deflationary process that would result in catastrophic

crashing of the economy as well as everyone's positions they're policy would be causing "inflation"

to thwart any potential large amount of any significant deflationary down trending. Thereby, curbing

that potential deflationary spiral not entirely but more so than not. While deflationary processes

sound "good" to buyers of things, deflation of and in itself is more destructive than an inflationary

process that is created and contoured so as to mitigate any substantial deflationary trending

processes. So, by inflationary processes the Fed deflects the deflationary cyclical processes while

still driving prices down with the interest rate increases which I think they will do again this September

in the next meeting to 1% increase. So, the net effect in all these workings and policy is to create

a balancing wheel that mitigates extremes either to inflationary processes and deflationary processes

to any significant levels. In this process, you will have longer periods of price or cost "over time"

"stability" as each side of this equation is used in more or less degrees to provide a degree of equilibrium in price(s) as each side of the equation is altered or effected via Fed Action and/or Inaction.

If you had no Central Bank or Central Bankers, there would be no way to mitigate either higher

inflation or destructive deflationary cycles that would invariably provide less "opportunity", less

income or real growth and more suffering by and large. While everyone argues as to the causes

and cures of inflation right now, there are voices on the exact opposite side of the argument that

are projecting or predicting significant destructive deflationary processes in the future. This is why

you see the central bankers recognizing the effects of the inflationary processes and how to provide

measured response but more starkly understanding the death spiral involved for everyone in a total

capitulation to any deflationary trending. That should be obvious to anyone that uses logic and reasoning rather than emotions in analyzing the business and economic cycles currently.

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Now Baltimore and New York apparently have potable water issues. We shall see where this goes along with all the other issues. But hey don't worry the top minds who were voted in for their amazing intellect will come to the rescue right after they refill the Colorado River 😉

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london bridge down

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Sad for her family. But I hope the system dies with her.

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Copy. Thanks for the clarification. As soon as I finished your video I went looking for a source so I could show my real estate agent why we backed out of a deal. LOL. Carry on!

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We all misspeak from time to time...admitting it is the harder part...thanks for admitting your error.

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Removed (Banned)Sep 8, 2022
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isn't it NATO's war too?

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