Housing Bubble

Financial fraud is any method by which deception or duplicity induces those with money to "invest" in a scheme...   

Manipulating the PR optics (i.e. perception management) as a substitute for an open market doesn't make you omnipotent, it makes you a hubris-soaked fool.

If you’re an observer of the political aspect of the Fed policy, you’re likely aware that central bankers like to stay out of the spotlight.  Spotlight creates political pressure, something Fed technocrats publicly dislike. But in connecting Federal Reserve interest rate policy since the 1950s with inflation and employment conditions, some interesting results materialize. Of the interesting findings is that the Fed has presidents it wants to be tough on and presidents it likes to show charity to.

Over the last two decades the Fed’s interventionism has created artificial booms and real busts. Their dreadful mistakes are “fixed” by currency debasement, lower interest rates, and money printing – creating even worse mistakes. They have successfully gutted the American economy and left a hollowed out shell. The coming collapse will be three pronged as stocks, bonds, and real estate are all simultaneously overvalued. Junk bonds are the canary in a coalmine. High end real estate in NYC has topped out. New and existing homes sales growth has stalled out. Retailers desperately slash prices to maintain sales, while destroying their profits. Corporate profits are falling. The stock market is teetering on the edge.

"We aren't going to sugar coat this, as you can see by the photos, this is a basement crawl space and the ground is un-even. My roommate Neil has agreed to help out and level off the dirt crawl floor and we have some scraps of rug to throw down. There is a decent amount of room for a mattress and night stand..."

The fear in both the GOP and Democratic party is visible at the surface when it comes to Trump, and it's not that he's any of what they've accused him of.  No, it's really much simpler than that, and both Republican and Democrat parties, along with the mainstream media, are utterly terrified that you, the average American, is going to figure out what underlies all of these institutions in America.

The real problem for the Fed will be how foolish it will look if it does raise by 25 basis points and is then forced by a slowing economy to lower rates back to zero soon after liftoff. At that point, the markets should finally understand that the Fed is powerless to get out of the stimulus trap it has created. But it looks like the Fed would rather look foolish later when it's forced to cut rates, than look foolish now by not raising them at all. The Fed’s rocket to nowhere will hover above the launch pad for a considerable period of time before ultimately falling back down to Earth.

The lies we tell ourselves are only exceeded by the lies perpetrated by those controlling the levers of our society. The country has been living a Big Lie since the day Nixon closed the gold window in 1971, eliminating any vestiges of constraint upon central bankers and politicians.

Duh. It was so obvious looking back. This is not a consequence-free environment... it’s time to find safety.

First it was Australia (closest to China), then Miami, then London, and now New York appears to have been hit by the sudden withdrawal of a bid-at-any-price, stash-my-cash, launder-my-money foreign flood of money to buy real estate. Manhattan apartment vacancies reached their highest level in more than nine years, according top broker Miller-Samuel, a sign that the post-recession run-up in rents may begin to cool. "We're reaching the point where things can't go up as much," Miller said in an interview. "The economics don't make much sense anymore." Did they ever?

The media can try to hide reality all it wants. But an economic collapse is here. It will trigger another stock market crash just as it did in the early ’90s, the Tech Bubble, and the Housing Bubble. 

While popular perception holds that debt-ridden, broke millennials are the ones driving the rental market, the truth is far more nuanced... and depressing for those who still cling breathlessly to The American Dream. The truth is millions of Americans were reduced to neo-feudal serfs by the financial crisis, and how those who ruined the economy profited handsomely from the process.

"Prosper is the market leader in peer-to-peer lending-a popular alternative to traditional loans and investing options. Prosper allows people to invest in each other in a way that is financially and socially rewarding. We cut out the middleman to connect people who need money with those who have money to invest...so everyone prospers!"

The suicide rate in Alberta has increased dramatically in the wake of mounting job losses across the province. According to the chief medical examiner's office, 30 per cent more Albertans took their lives in the first half of this year compared to the same period last year. "This is staggering," said Mara Grunau, who heads the Centre for Suicide Prevention.  "It's far more, far exceeds anything we would ever have expected, and we would never have expected to see this much this soon."

“There have been arrests and crackdowns before on grass-roots labor organizations here,” one activist, He Shan, said in a telephone interview from Shenzhen, a mainland city that abuts Hong Kong. “But this is the most concentrated, the most serious. For us, this is unprecedented.”