The Direct Cash Payments/Giveaways (+ Side Discussions About Inflation and Deflation)
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Warnings of massive commercial real estate mortgage defaults:
Real Estate Billionaire Barrack Says Commercial Mortgages on Brink of Collapse
Real Estate Billionaire Barrack Says Commercial Mortgages on Brink of Collapse
Austin_Bill
2,500+ Posts
Real Estate is real estate. It might go down but just like people always need a place to live, businesses need a place to do business.
I think you give them too much credit. I actually think most Democratic presidents would have handed down a similar travel ban. I think the criticisms of the current travel ban are politically motivated - not a real disagreement of policy.
Joe Fan
10,000+ Posts
I dont. I would expect no travel bans from a Dem president, and their behavior to track Obama's under H1N1, who gave gave a 60 second presser then went golfing
This is the US under a Dem Pres
Much heat is being directed at some rather large ‘small’ businesses that took the PPP funds, including Ruth’s Chris steak house and Shake Shack. Some are paying the $ back. Chase, Wells Fargo, and Some of the other usual rogues gallery of megabanks are taking heat for giving concierge service to their bigger customers and putting the actual small ‘small businesses’ at the end of the line. Many of these actual small ‘small businesses’ didn’t get the funds because the funds ran out. We’ll see if this second round will make it to the smaller shops.
Hmmmmmmm.
I like this one less than any of the bailouts thus far. Many cities have racked up huge pension liabilities from granting exceptionally generous defined benefit pensions over the years. So now, it's a transfer of $ from the public to cities, then from there to pension recipients. Many of such city pension recipients have lavish benefits by today's standards--benefits far in excess of the (non) pensions of many of those ultimately paying for this.
Now if the bailout $ was earmarked for, or directly paid to, current city employees to keep them employed, that would be different. Another more reasonable possibility: the Fed guarantees 1/2 (or some other portion) of the muni bonds of cities/counties. Or municipal bankruptcy under Chapter 9--it's there for a reason.
Monahorns
10,000+ Posts
These buffoons are stealing from us through money creation. This shows you the mentality of the people running the central bank.
For those who think the Fed is independent. Then why does the Congress get to pass a law to create $2T? Then why is the money generated to buy DOT bonds?
They guys are running the largest crime in open daylight. The bank gives money to the government. The government gives the money to the banks. The banks give the money to corporate cronies, etc.
For those who think the Fed is independent. Then why does the Congress get to pass a law to create $2T? Then why is the money generated to buy DOT bonds?
They guys are running the largest crime in open daylight. The bank gives money to the government. The government gives the money to the banks. The banks give the money to corporate cronies, etc.
“I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop.”
— Friedrich August von Hayek
— Friedrich August von Hayek
At one time, Houston had over 300 chartered banks, but only five were members of The Houston Clearinghouse (First City, Texas Commerce, Bank of the Southwest, Houston National, Houston Bank & Trust). Other banks used the computer systems of the clearinghouse banks, as did the country banks.
Although one clearinghouse bank was known to try to steal customers from smaller banks on their computer system, it was just tolerated. under the thought if we do our job, they can't steal them.
The system seemed to work very well until the federal government swooped in with interstate banking.
Although one clearinghouse bank was known to try to steal customers from smaller banks on their computer system, it was just tolerated. under the thought if we do our job, they can't steal them.
The system seemed to work very well until the federal government swooped in with interstate banking.
And the more debt the government incurs, the worse the problem seems to get. The Fed has never been truly independent. However, in the last 15 years when the debt has really exploded, there hasn't even been much of a façade of independence.
AC
2,500+ Posts
Ever heard of Caitlin Long? That is one smart lady! Avanti Financial Group, look her up. Wanna know why the stock market is rallying now?
Stimulus money (helicopter money) from the Fed is causing fortune 500’s and Nasdaq Tech Companies to do stock buy backs. They receive fed printed stimulus money, they use it to buy back stock. That enriches the major shareholders and the Board of Directors with stock options. It pumps the stock value. What did the Fed buy for that? Debt. Corporate debt. This type of debt is up 10% in the last year. Is GDP up 10%? No.
Stimulus money (helicopter money) from the Fed is causing fortune 500’s and Nasdaq Tech Companies to do stock buy backs. They receive fed printed stimulus money, they use it to buy back stock. That enriches the major shareholders and the Board of Directors with stock options. It pumps the stock value. What did the Fed buy for that? Debt. Corporate debt. This type of debt is up 10% in the last year. Is GDP up 10%? No.
Absolutely right. I have been following Caitlin’s work for a couple of years now. Her Twitter account is a must follow, imo. I’ve learned a lot from her perspectives on Wall Street and banking, she really is brilliant.
Check out what she’s done in her home state of Wyoming to create the most crypto-friendly regulatory environment in the country. I expect other states will eventually follow their lead.
@CaitlinLong_
Caitlin Long (@CaitlinLong_) | Twitter
Home - Caitlin Long
AC
2,500+ Posts
Monahorns
10,000+ Posts
Stock buy backs are just a sneaky way to take money from the Fed. It isn't a one-for-one increase in dollars. But Execs and Board Members are all making serious money from this. This guys all sit on the boards of other corporations too.
They get pay increases from essentially doing nothing. This is one of the ways the economy is rigged.
As a free-marketeer, I don't like the practice even though I understand is part of the private market. I just haven't thought of or read about a way to use market forces to keep this from happening, except for the best way, End the Fed.
They get pay increases from essentially doing nothing. This is one of the ways the economy is rigged.
As a free-marketeer, I don't like the practice even though I understand is part of the private market. I just haven't thought of or read about a way to use market forces to keep this from happening, except for the best way, End the Fed.
but we added 10% corporate debt and a lot of that was stock buy backs. GDP growth is less than half Corporate debt, not sustainable! We need a borderless de centralized store of value asset. Scarcity factor close to that of Gold. But more liquid than Gold.
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