17 Comments
User's avatar
Letitia's avatar

Sir Mervyn King finding religion! this is the best explanation yet into the current Central Bankers mad belief in the 2% inflation rate. Lord King is not William White, but does redeem him in part, Thank you, great post!

Expand full comment
Rudy Havenstein's avatar

Great comment about White. I've quoted him a lot.

Expand full comment
Melody Wright's avatar

That condo issue in Miami is a really big deal. Hoping to find some time to do some more investigative work when I'm down there in the next week or so.

Expand full comment
Tankster's avatar

Condos throughout Florida that are older than say 30 years and have kicked the can down the road are out of both. $150-$300 billion or so in repairs needed. Many NGIM...

Expand full comment
Rudy Havenstein's avatar

Just reading that Kentucky and Colorado condos have similar massive spikes.

Expand full comment
Melody Wright's avatar

Saw the CO, but not KY. Will check that out. With what happened in VT, I'm anticipating that has a ripple across the country in rates.

Expand full comment
al m's avatar

https://youtu.be/nXspsfoPX50

Expand full comment
The Rational Walk's avatar

When some kid playing in a field is blown to bits in 2030 or 2040 by a “dud”, we will bear moral culpability for providing the weapon. Over a hundred countries have agreed not to use these weapons, and I guess we aren’t using them directly, but we’re more than happy to provide them to Ukraine, along with much else that must be replenished by our defense contractors. The military industrial complex is alive and well. We should at least step off the moral high horse if we’re willing to provide cluster bombs. Of course, the MSM allows no debate. Express any reservations about anything we are doing in this proxy war and you are automatically “pro Russia” or “Pro Putin”.

Expand full comment
Louis's avatar

Bid-Ask gap. Genius, really.

Expand full comment
Kristi O'Sullivan's avatar

The picture you paint with the various colours of informed opinions supported by anecdotal evidence together with the ‘attack is the best form of (economic) defence’ and consequences be damned with Ukraine/Russia proxy war, makes me think of Thelma and Louise and their deliberate decision to drive at speed off the cliff.

Expand full comment
Jim Davidson's avatar

But, which ones are Thelma and Louise? Powell and Yellen? Just curious

Expand full comment
Tankster's avatar

We are. We're bound and the FED pushed the pedal to the metal.

Expand full comment
Kristi O'Sullivan's avatar

Can be anyone on any issue where there’s no going back be it due to a ‘shut door’ or fragile ego

Expand full comment
Jim Davidson's avatar

I found out I was on a watch list. They never gave me a watch.

The sign by the side of the road said "watch for fog" so I brought a jar of fog there. Nobody showed up with my watch.

Another sign said watch for children but that's just cruel.

Expand full comment
Tankster's avatar

Sit here for the present.

Expand full comment
Rond's avatar

Ok, forget "monetary inflation". Try "currency debasement".

Expand full comment
Live, Laugh, Colonel Kurtz's avatar

You can hide from The Bomb in Stark's cavern, but not Bloody Bill Anderson!

PS Those Anti Sex League buttons from 1984 were only half as effective as Mom had hoped.

Expand full comment