Quote:
Originally Posted by sammyg2
You are right and everyone else in the whole entire world is wrong. got it.
You've been spewing the same story for 10 years, and for 10 years you have been wrong.
When will you be right?
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The question is not when I will get it right, but when will you come to your senses and face reality as it is.
1.I suppose you think that Tesla with a PE Ratio of 1,120 is rational?
2. The Labor Department announced this week that the Unemployment Stats that they issue are subject to being INACCURATE...
3. The Central Banks have printed apx 20T USD since March
4. The FED is QEing 120B a month which is 0.58% of GDP
5. Since March 2020 the FED has printed 21% of all the USD's in circulation.
6. The CARES Act put 2.4T into the economy to stimulate it. NOw Congress is wrangliing over another 700B to 2T stimulus package
7. The Chinese are beginning to slowly liquidate 200B of their US Treasury position
8. The FED has bought 240B in US Treasuries as a buyer of last resort since March.
9. The USD is beginning to fall in value in the face of all the monetary printing. The USD is becoming toxic
10. Gold and Silver have recently hit new highs, Buffet who has previously eschewed Gold has bought 560M of Barrick Gold Stock
11. The Gold Brokers have noticed that nobody is taking possession of the Gold contracts upon expiration as they believe that the Gold vaults are empty. BA has projected 3000 Gold KITCO 5000 Gold RICKARD 50,000 Gold
12. There are massive furloughs that have become permanent along will large number of permanent business closing and BK's. Neiman Marcus, SAKS 5th Ave. The coming wave will be in Commercial RE.
13. Black Friday was a bust.
14. there have been 17.4M NCIS checks so far this year with 7.5M being first time buyers. Guns and Ammo fly off the shelves no matter the price
15. There are shortages of food and suppies in the food store
16. The Food Bank lines stretch for miles just like in the Great Depression..
17. Millions of people do not have the money to pay their rent nor money to buy food.
18. People are fleeing the big cities like NYC, SF and LA headed to more rural or suburban environments for health, safety and economic reasons. Which has resulted in a decline in RE prices and rents in those cities. The attendant fallout is that the formely occupied Commercial office space is now becoming vacant.
That should be sufficient for now.