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Tend to agree with this article.
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Tend to agree with this article.


Dec 12, 2021, 9:22 AM

Powell could say they will raise rates to 3% and instantly Gates/Bezos/Musk would lose billions they never had anyway. It's a pickle. 1929 crash resulted from a 2 point hike.

https://finance.yahoo.com/news/massive-u-debts-could-trap-150000058.html

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Is the current reality of timeless truth. We hide simple


Dec 12, 2021, 10:08 AM

actions with sophisticated terms like,'quantitative easing', but the two things we learned in Home Ec and Econ 101 cannot be violated: if you spend more than you make you go bankrupt, and the govt has no money but all the currency.

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It's a house of cards...


Dec 12, 2021, 10:40 AM

The US is addicted to cheap money.

We paid people to stay home. Then even when it wasn't necessary, continued to pay people to stay home and the labor market suffered. In response, wages went up more than they should have. Inflation went crazy.

I'm really wondering what will happen when all these kids tax advances come due next April. Instead of people getting $2-3k returns, they'll owe that.

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Re: It's a house of cards...


Dec 12, 2021, 11:21 AM



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Re: It's a house of cards...


Dec 12, 2021, 11:44 AM

The TNet liberal response:




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This is how it works.


Dec 13, 2021, 5:26 AM [ in reply to It's a house of cards... ]

In real estate. Stocks have their own scheme. All hinges on low rates.

https://vm.tiktok.com/ZM8vHjHHK/

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if you want a 10 million dollar loan for investment


Dec 13, 2021, 5:47 AM

property you will need to show the lender assets from 2-5 million. 2 if you are an owner operator and 5 if it is pure rental property.

Nothing worse than paying a mortgage with no rental income. When you have no income even for a few months you get to pay the utility bills and insurance and taxes that are usually paid by the tenant. You also have a lot of maintenance and upkeep because the tenants that moved out trashed the place.

If it was easy, everyone would do it.

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