Monday, March 22, 2021
Best comment of the year
I read Wolfstreet daily because Wolf Richter explains economic matters clearly, without a vested bias, and his graphs are the best in the world.
He also has regular commenters with true expertise, especially in real estate. Landlords and realtors in various places KNOW what's happening. The rest of us can only guess from partial observations.
Here's a terse all-encompassing summation of the last 20 years:
I’m old enough to remember when people expected capitalism to make things cheaper and markets were supposed to work for society. Now taxpayers are supporting the stock market with trillions of dollars in QE, while scrambling to find affordable shelter.Says it all.
Labels: Natural law = Soviet law, SES
¶ 8:59 PM
