pull down to refresh

42 sats \ 3 replies \ @Undisciplined 17 Mar \ on: Art Markets Get Margin-Called (Bloomberg Money Stuff, Matt Levine) econ
That is a fun story.
write
preview
31 sats \ 2 replies \ @denlillaapan OP 17 Mar
Levine def has a comparative advantage at finding these funky financial-market-plumbing/regulation stories and putting them in hilarious context
reply
29 sats \ 1 reply \ @Undisciplined 17 Mar
I was trying to explain to people, using similar logic, that real home prices were declining after the interest rate hike a couple of years ago, even though the nominal trading prices were flat. Sales volume cratered, because sellers weren't willing to take the prices they could have gotten.
reply
41 sats \ 0 replies \ @denlillaapan OP 17 Mar
Yup! Same principle, same idea (real estate is like art—monetized and illiquid)
reply