Real estate

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Quantitative Deflation

As the inexorable logic of base-ten arithmetic asserts itself once again, the rats will clamber onto the pieces of floating wreckage with the best view.

Trump's Wealth Takes 'Yuge' Billion Dollar Hit; Plummets 'Bigly' On Forbes List

Trump's ranking on Forbes' annual list of the world's wealthiest billionaires took a 'bigly', if not totally 'yuge', hit when the latest list was posted last night.  After ranking 336 with an estimated wealth of $4.5 billion last year, Trump fell too 544 with an estimate of $3.5 billion this year.

Signs That The Silicon Valley Tech Bubble Is About To Burst

“I got here in 97 and it was like it is now – incredibly packed, impossible to commute, high apartment costs.  We’re seeing overvalued companies, funded based on hopes and dreams and aspirations and not good business models. Companies counting users and eyeballs rather than profits. There are a lot of similarities."

Steve 'Big Short' Eisman: Smart, Lucky, Abrasive (& Now One Of Them)

"In the movie he was portrayed as the moral compass. After hearing his praise for the awesome job Paulson did by saving the criminal Wall Street banks with taxpayer money, I think the justice and righteousness stuff is overdone. Earlier in his talk he said banks existed to “fuck you” – his exact words. Then later he says we had to save them or the world would have ended."

Demand For Physical Gold Is Collapsing

"During the 2008 financial meltdown..There was a total disconnect between the paper price and physical demand. That’s now happening again, but in reverse. The paper price is rising, but physical demand is falling...This strikes me as total madness... There seems to be no fear in the market… no regard for sense or safety."

A Bad Week (And Getting Badder Bigly Fast)

"...looks a bit as though the Golden Golem of Re-Greatification has wandered into a political minefield so dense with booby traps that he’s already out of moves."