According to Bill, "Spending for 2023 is expected to reach about $5.9 trillion, or more than 25% of GDP". I have a faint Janet Yellen "hope" (see Mark1's comment) that with the Republicans in control of the House of Representatives starting January 2023, that this present out-of-control spending may be ended in 2023 and future years. However, I am preparing for the worst!
Reading the comments section here most days reminds me of these lyrics.
" Every body knows that the boat is leaking
Everybody knows that the captain lied
Everybody got this broken feeling
Like their father or their dog just died"
Leonard Cohen - the best thing to ever come out of Canada, in my opinion - like Bill, was on to this years ago.
Check out the lyrics of "Democracy is comIng to the USA" as well, which, I think was originally composed back in about 1989
Also,I'd love for Mr Bonner to give us his opinion as to what he thinks this all looks like 5 years from now, not that any of us ever get it completely right of course, but it's hard to imagine that it is going to look great for the vast majority of us. As to Ms Yellen, Mark, "hope" is not a strategy and it's unbelievable that someone as powerful as she appears to be can sound so amazingly disconnected an, frankly downright stupid.
Concidering America is now close to a full Chinese takeover(government, media, academia, medical, social), it's our Common Sense that is driving us to our own demise, because they make sure nothing makes Sense.
What? Why is the Fed doing this? Why is Biden doing that? WHY,WHY,WHY? This is the question I hear everyday in the field(from left and right). The only reply I hear is "But nothing makes sense"!
Oh well, the common middleclass genius has already figured it out, why has no one else?
Even though you write about the same thing everyday, that we are all headed for unknown rocky shores, aboard boats piloted by people less skilled than the "Skipper," I oh so look forward to each day's missive. Every day I learn just a little more about how we got here, and what sort of landing we might see on the other side. Will it be a white sandy beach? Or something composed of the sharpest things imaginable, this side of Jay Powell's tongue.
To see if we are still in the eye of the storm, I checked a typical middle of the road, affordable, Canadian city's housing market.
And to be sure, of the 12 markers shown, 9 were down. The most notable, were the prices for detached and attached homes which were down 2% and 5% respectively. Only condo prices went up over the last 12 months, by 10% (people have to live somewhere me guesses).
Then the number of transactions. Only 606 detached and 50 attached homes sold last month. Down 26% and 58% respectively from 12 months ago. Even condo sales, which saw their prices rise over the past 12 months, were not immune to a 26% drop in the number of sales (139 last month) over that same period.
While the markets may make temporary gains, giving us, the passengers on this cruise liner headed for the Bermuda triangle, a glimpse of that impeccable sandy shore, it's the housing market that tells us that the ordinary people aren't buying it.
Yap, we live in a sea of lies, and it has become so salty that swimming is almost impossible. The mere abstraction, the government, suffocates the life of individuals more and more with its norms, repressive apparatus and taxes including inflation, that it becomes unbearable.
Bill -- I expect that early in your field stone mason experience you learned one of the key skills-- not to build 'traps' into your courses. It is clear that the Fed hasn't learned to avoid building traps nor do they appear to have the skills to work their way out of them.
You and your associates are financially saavy folks, how about some suggestions for viable options the Fed could consider to straighten out this mess. We have seen the past results of 'the Volker hold' so to speak. Is that the right option?
We should anticipate that any solution will be painful but so is a full scale and lingering depression.
Watched Ms. Yellen on 60Minutes last night. Full of βhopeβ that the economy would be ok. Not too inspiring. But says she cares about the average American.
According to Bill, "Spending for 2023 is expected to reach about $5.9 trillion, or more than 25% of GDP". I have a faint Janet Yellen "hope" (see Mark1's comment) that with the Republicans in control of the House of Representatives starting January 2023, that this present out-of-control spending may be ended in 2023 and future years. However, I am preparing for the worst!
Reading the comments section here most days reminds me of these lyrics.
" Every body knows that the boat is leaking
Everybody knows that the captain lied
Everybody got this broken feeling
Like their father or their dog just died"
Leonard Cohen - the best thing to ever come out of Canada, in my opinion - like Bill, was on to this years ago.
Check out the lyrics of "Democracy is comIng to the USA" as well, which, I think was originally composed back in about 1989
Also,I'd love for Mr Bonner to give us his opinion as to what he thinks this all looks like 5 years from now, not that any of us ever get it completely right of course, but it's hard to imagine that it is going to look great for the vast majority of us. As to Ms Yellen, Mark, "hope" is not a strategy and it's unbelievable that someone as powerful as she appears to be can sound so amazingly disconnected an, frankly downright stupid.
If itβs inflate or die, and they canβt inflate, then what does die look like?
Concidering America is now close to a full Chinese takeover(government, media, academia, medical, social), it's our Common Sense that is driving us to our own demise, because they make sure nothing makes Sense.
What? Why is the Fed doing this? Why is Biden doing that? WHY,WHY,WHY? This is the question I hear everyday in the field(from left and right). The only reply I hear is "But nothing makes sense"!
Oh well, the common middleclass genius has already figured it out, why has no one else?
Even though you write about the same thing everyday, that we are all headed for unknown rocky shores, aboard boats piloted by people less skilled than the "Skipper," I oh so look forward to each day's missive. Every day I learn just a little more about how we got here, and what sort of landing we might see on the other side. Will it be a white sandy beach? Or something composed of the sharpest things imaginable, this side of Jay Powell's tongue.
To see if we are still in the eye of the storm, I checked a typical middle of the road, affordable, Canadian city's housing market.
https://wowa.ca/winnipeg-housing-market
And to be sure, of the 12 markers shown, 9 were down. The most notable, were the prices for detached and attached homes which were down 2% and 5% respectively. Only condo prices went up over the last 12 months, by 10% (people have to live somewhere me guesses).
Then the number of transactions. Only 606 detached and 50 attached homes sold last month. Down 26% and 58% respectively from 12 months ago. Even condo sales, which saw their prices rise over the past 12 months, were not immune to a 26% drop in the number of sales (139 last month) over that same period.
While the markets may make temporary gains, giving us, the passengers on this cruise liner headed for the Bermuda triangle, a glimpse of that impeccable sandy shore, it's the housing market that tells us that the ordinary people aren't buying it.
They're bracing for impact.
Luke
Yap, we live in a sea of lies, and it has become so salty that swimming is almost impossible. The mere abstraction, the government, suffocates the life of individuals more and more with its norms, repressive apparatus and taxes including inflation, that it becomes unbearable.
Bill -- I expect that early in your field stone mason experience you learned one of the key skills-- not to build 'traps' into your courses. It is clear that the Fed hasn't learned to avoid building traps nor do they appear to have the skills to work their way out of them.
You and your associates are financially saavy folks, how about some suggestions for viable options the Fed could consider to straighten out this mess. We have seen the past results of 'the Volker hold' so to speak. Is that the right option?
We should anticipate that any solution will be painful but so is a full scale and lingering depression.
Watched Ms. Yellen on 60Minutes last night. Full of βhopeβ that the economy would be ok. Not too inspiring. But says she cares about the average American.
Martian Armstrong is putonghua out a report for 2023 prescious metals have you ever read is reports?What do you think if so.