I agree with pretty much everything said in this thread, except I'm surprised by one thing:
Robert Reich is our source?
That's the joke
Gotcha. I'm slow, per usual.
But, is he right? It seems like we're deep enough into the cycle now that the foreclosures and evictions should be happening where they haven't been made illegal.
I've been worried about this. Like you say, 40 million+ out of work. What could go wrong?
Wait. NVM. I forgot. We'll just all shout "Reset!!" Yeah, that's what we'll do. That'll fix everything.
It's the confiscation of private property by the state
Lawsuits are being dialed up across the country, including in WA State in the coming weeks. NY Federal court already ruled against landlords there. Part of the rationale was, essentially, that maybe the constitution shouldn't take precedence during a pandemic. It truly is all branches of government fast tracking socialism in a coordinated manner.
I agree with pretty much everything said in this thread, except I'm surprised by one thing:
Robert Reich is our source?
That's the joke
Gotcha. I'm slow, per usual.
But, is he right? It seems like we're deep enough into the cycle now that the foreclosures and evictions should be happening where they haven't been made illegal.
I've been worried about this. Like you say, 40 million+ out of work. What could go wrong?
As others have posted the pain is being pushed back for now. With the super unemployment benefits, stimulus, and rent holidays the reckoning is delayed
I agree with pretty much everything said in this thread, except I'm surprised by one thing:
Robert Reich is our source?
That's the joke
Gotcha. I'm slow, per usual.
But, is he right? It seems like we're deep enough into the cycle now that the foreclosures and evictions should be happening where they haven't been made illegal.
I've been worried about this. Like you say, 40 million+ out of work. What could go wrong?
Wait. NVM. I forgot. We'll just all shout "Reset!!" Yeah, that's what we'll do. That'll fix everything.
I agree with pretty much everything said in this thread, except I'm surprised by one thing:
Robert Reich is our source?
That's the joke
Gotcha. I'm slow, per usual.
But, is he right? It seems like we're deep enough into the cycle now that the foreclosures and evictions should be happening where they haven't been made illegal.
I've been worried about this. Like you say, 40 million+ out of work. What could go wrong?
As others have posted the pain is being pushed back for now. With the super unemployment benefits, stimulus, and rent holidays the reckoning is delayed
I agree with pretty much everything said in this thread, except I'm surprised by one thing:
Robert Reich is our source?
That's the joke
Gotcha. I'm slow, per usual.
But, is he right? It seems like we're deep enough into the cycle now that the foreclosures and evictions should be happening where they haven't been made illegal.
I've been worried about this. Like you say, 40 million+ out of work. What could go wrong?
As others have posted the pain is being pushed back for now. With the super unemployment benefits, stimulus, and rent holidays the reckoning is delayed
Which will only make the reckoning worser.
Let me tell you all a secret - the governments did not let 2007 run its course. There were so many houses being repossessed at such a bargain rate that the governments and the banks colluded to protect investments and tax bases by gumming up foreclosures. We never got through the last inventory. Now this
I agree with pretty much everything said in this thread, except I'm surprised by one thing:
Robert Reich is our source?
That's the joke
Gotcha. I'm slow, per usual.
But, is he right? It seems like we're deep enough into the cycle now that the foreclosures and evictions should be happening where they haven't been made illegal.
I've been worried about this. Like you say, 40 million+ out of work. What could go wrong?
As others have posted the pain is being pushed back for now. With the super unemployment benefits, stimulus, and rent holidays the reckoning is delayed
Which will only make the reckoning worser.
Let me tell you all a secret - the governments did not let 2007 run its course. There were so many houses being repossessed at such a bargain rate that the governments and the banks colluded to protect investments and tax bases by gumming up foreclosures. We never got through the last inventory. Now this
Understand that I am arguing against my interests here, but it seems that our economy is a little too dependent on a few sectors, housing being one of them.
We call that customer concentration risk in the disclosure bidness.
I agree with pretty much everything said in this thread, except I'm surprised by one thing:
Robert Reich is our source?
That's the joke
Gotcha. I'm slow, per usual.
But, is he right? It seems like we're deep enough into the cycle now that the foreclosures and evictions should be happening where they haven't been made illegal.
I've been worried about this. Like you say, 40 million+ out of work. What could go wrong?
As others have posted the pain is being pushed back for now. With the super unemployment benefits, stimulus, and rent holidays the reckoning is delayed
Which will only make the reckoning worser.
Let me tell you all a secret - the governments did not let 2007 run its course. There were so many houses being repossessed at such a bargain rate that the governments and the banks colluded to protect investments and tax bases by gumming up foreclosures. We never got through the last inventory. Now this
Understand that I am arguing against my interests here, but it seems that our economy is a little too dependent on a few sectors, housing being one of them.
We call that customer concentration risk in the disclosure bidness.
When you give your manufacturing base away there is less economy to focus on
You're exactly correct. Lot of Chi Com capitalists have there money in America luxury housing. Lot of Americans have one asset, a house. House flipping and real estate development drive a huge portion of the economy
This crash makes the last one look like child's play.
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Banks will foreclose and the politicians advocating this shit will get nice campaign contributions and other forms of kickbacks.
We call that customer concentration risk in the disclosure bidness.
You're exactly correct. Lot of Chi Com capitalists have there money in America luxury housing. Lot of Americans have one asset, a house. House flipping and real estate development drive a huge portion of the economy
This crash makes the last one look like child's play.