What cracks first, auto lending or houses?

by Nimble_Centipeder Caption: Eventually, negative cash flow matters. Properties are selling at prices where they need 50% down to break even on PITI. Million dollar houses that can get $3,500/month rents. https://calculatedrisk.substack.com/p/real-house-prices-price-to-rent-ratio-020?s=r Caption: How much is a truck worth when …

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Is An Economic World War 3 Starting Next Week?

From Birch Gold Group Remember a few weeks ago when Canada invoked the Emergencies Act to freeze the bank accounts of annoying political protestors? What if that happened to an entire country? It would look like this… SWIFT provides secure financial messaging services …

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Here’s the reason why Europe is Russia’s b*tch

In 2014, NATO's secretary general revealed Russia was funding climate activists, saying, “Russia… engaged actively with so-called nongovernmental organizations working against shale gas to maintain dependence on imported Russian gas" Nobody listened.https://t.co/JJtn2hLNjB — Michael Shellenberger (@shellenberger) March 3, 2022 Climate …

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