Bookmarking to watch later.

Its clear to me that today we are still seeing the reprocussions of the global lockdowns and massive fiat printing. Few people even mention this. I remember talking to my sane coworkers about the bill coming due for that obviously terrible policy over the next decade.

One reason the rulers and bankers can get away with it is because of short memories. Others include the overall ignorance of how the fiat/government and crony capitalism systems work. The other is that the blowhards just make it into a personality thing. Trump blames Biden, Biden blames Trump. The masses get focused on the players and not the game. The masses are like fans of pro-wrestling that believe it's all real.

I'm not sure how it breaks but the farse seems unsustainable to me. The problem to me seems that the idea of socialism seems to have more legs with younger people than the real path forward. Reflecting state monopoly and embracing freedom, liberty, and responsibility.

Housing Crash FalloutHousing Crash Fallout

At least in California the supply of homes has never recovered. My friends in the real-estate market tell me that even with a net decrease in migration in California we have a housing shortage which drives prices up. Prices that are already inflated due to monetary policy.

California has insane regulations and oppressive permitting for home builders as well as commercial builders. This is across the state but worse in the large metros. It's a big reason many are leaving the costal cities to live in smaller interior cities in the state. Which is driving up costs there as well.

There is a lot of debate about what will happen if interest rates are cut. It will result in more houses going on the market but it won't magically make more housing appear. But it could help as many people that are empty nesters are sitting on their big houses because it would be stupid to sell now.