You know when we use phrases like "the feeling many Americans have where they will never be able to get ahead", what are we getting 'ahead' of exactly?
Does 'being ahead' basically mean having a budget surplus (ahead) rather than a budget deficit (behind)?
If so then the thing we are ahead of or behind is our break even point.
This is just something that struck me as I ready today's post.
The years of QE and ZIRP have made assets soar as investors chase yields. The people who will suffer are the Gen Z who have no assets and never will at this rate.
Would it be blasphemous of me to suggest the importation of millions of new citizens can increase pressure on housing availability/affordability? I know for a fact this is a major factor driving the housing market in Australia. But hey, we are modern politicians, screw natural born citizens, we need votes, and besides doing it under the guise of faux “compassion” fools the dimwited section of the citizenry and makes us feel good scabbing a government sector wage without providing a positive contribution to the community we are meant to represent
Stupid report. We all know what you said however you fail to mention the commercial entities buying huge percentages of single family homes with money they create. They then come in as “cash buyers” that an average individual who needs a mortgage can’t compete with…
You know when we use phrases like "the feeling many Americans have where they will never be able to get ahead", what are we getting 'ahead' of exactly?
Does 'being ahead' basically mean having a budget surplus (ahead) rather than a budget deficit (behind)?
If so then the thing we are ahead of or behind is our break even point.
This is just something that struck me as I ready today's post.
Inbox me 📥
https://t.me/ThePompLetter
The years of QE and ZIRP have made assets soar as investors chase yields. The people who will suffer are the Gen Z who have no assets and never will at this rate.
Would it be blasphemous of me to suggest the importation of millions of new citizens can increase pressure on housing availability/affordability? I know for a fact this is a major factor driving the housing market in Australia. But hey, we are modern politicians, screw natural born citizens, we need votes, and besides doing it under the guise of faux “compassion” fools the dimwited section of the citizenry and makes us feel good scabbing a government sector wage without providing a positive contribution to the community we are meant to represent
Stupid report. We all know what you said however you fail to mention the commercial entities buying huge percentages of single family homes with money they create. They then come in as “cash buyers” that an average individual who needs a mortgage can’t compete with…
Inbox me 📥
https://t.me/ThePompLetter