Lost some. Won some.

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Joined 2 years ago
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Cake day: June 25th, 2023

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  • Also, while it’s true there may have been too much immigration in a short time, that’s not a primary reason for housing costs rising. Asset prices are going up because homes are treated as an investment. At least according to graphs in this Breach video, there’s been no correlation between immigration and housing costs.

    Economist Gary Stevenson has outlined many times as well how homes increasing in value for an extended period of time can actually be seen as a precursor to a shrinking middle class, though middle class people often don’t see increasing pricing as a feature of wealthier buyers out-competing them.














  • This sounded off to me, but maybe everything does. Another off-sounding idea I’ve heard: Gillian Tett, an editor and columnist at the Financial Times, seems to think there’s a good chance Trump wants to hyperinflate the US dollar so he can somehow set more favourable repayment terms, when time comes due for them to renegotiate. I expect that would lower their credit rating even more but I guess Trump in that scenario doesn’t care about that.

    Normally I’d say it’s possible for people who have been through failure (in his case, bankruptcy) to know things that more successful people don’t, but whatever logic he has is overruled by his apparent narcissism so it’s hard to be sure if what he thinks he’s going to accomplish has some basis in reality.