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31 sats \ 2 replies \ @denlillaapan OP 17 Mar \ parent \ on: Art Markets Get Margin-Called (Bloomberg Money Stuff, Matt Levine) econ
Levine def has a comparative advantage at finding these funky financial-market-plumbing/regulation stories and putting them in hilarious context
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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.
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41 sats \ 0 replies \ @denlillaapan OP 17 Mar
Yup! Same principle, same idea (real estate is like art—monetized and illiquid)
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