This is what a bursting housing bubble looks like

by Boo_Randy https://www.eastbaytimes.com/2022/06/18/when-a-buyer-cancels-the-deal-who-gets-the-deposit/ Q: My husband is a real estate agent. Last week, the realty firm where he works had five sets of homebuyers cancel their home sales. My husband’s homebuyers canceled first. It’s infuriating. He worked on behalf of …

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Evergrande: defaulted developer gets delisting reminder as restructuring, probe on US$2 billion deposits leave investors in the dark

by Boo_Randy Insolvent Chinese property developers are running out of road to play “extend and pretend” as the financial reckoning day bears down on them. Coming soon to a property bubble near you. https://www.scmp.com/business/article/3182513/evergrande-defaulted-developer-gets-delisting-reminder-restructuring-probe China Evergrande, which defaulted on its …

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Fact: Obama and Biden were both ADAMANTLY against gay marriage (just like Ukraine). Don’t let real history be memory-holed.

by TheHiveminder Obama speech: Biden speech @ 3m mark, from CNN: 2010 news coverage of Obama: https://www.cbsnews.com/news/obama-still-opposes-same-sex-marriage/ Fact: Obama voted against the Federal Marriage Amendment Facts: In 1973, Biden said that gay federal employees were “security risks” In 1993, Biden voted to block the …

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Powell’s “Soft Landing” Is Impossible

by Daniel Lacalle via Mises After more than a decade of chained stimulus packages and extremely low rates, with trillions of dollars of monetary stimulus fueling elevated asset valuations and incentivizing an enormous leveraged bet on risk, the idea of a controlled explosion …

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Our Battle is a Spiritual Battle

by Chris Black Only a country and system run by demons would goad and pressure a mother to condemn and disown her own son over a political disagreement. As Buddha said, the loyalty and love of a family by choice …

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