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Dow = house of cards propped up with Dow = house of cards propped up with - taxpayer funding and money printing.

Posted: Jul 20th, 2021 - 4:22 am In Reply to: Dow drops over 800 points today while Biden bragged - Truthhurts

Before all these variants are done we'll all know the entire Greek alphabet. The market responds to fear and Dems like to play on that fear. Inflation....

Gold is down today. Oil is down today. Bitcoin is down today. The yield on the 10yr Treasury is down today. Granted that you can’t judge based on one day but it’s interesting that money that bailed out today didn’t go into inflation hedges.

Single Family Homes are being purchased in quantity by investment firms. Blackrock is one very large player. In SoCal these firms are paying 20% or more above listing price and individual buyers haven’t got a prayer. There’s also a lot of foreign investment in SFHs. This is different than the unstable mortgage lending of the bubble which created a house of cards. It doesn’t appear to be based on leverage so investment groups can keep this up as long as they want to. They are creating a nation of forced renters.

I don't know what the future is going to bring, but I'm learning to be as self sufficient as possible.


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