Good article on bezzle that is running wild in the global economies and how it artificially inflates GDP. Makes it seem that GDP is de carbonizing which isn’t true. Just a phony economy.
Residential real estate in the US has a value of about $57 trillion. To afford the average home you need an income of about $116,000. Unfortunately the average income in the US is $67,000.
Which makes housing at nosebleed unaffordable records.
Right now nobody can afford to sell and trade their 3% mortgage for a new 7% mortgage. Not at the current average home price of $420,000 So many are stuck where they currently are.
I think we already know net energy has peaked. Even though the concept is hard to measure. But when the actual physical supply of oil starts it’s inevitable average yearly decline. Debts are going to be defaulted on everywhere you look and prices are going to fall.
https://www.dailymail.co.uk/news/article-14622137/Trump-golden-dome-missile-plan-revealed.html
Trump to build Golden Dome missile shield with Elon Musks SpaceX..
Isn’t this similar to the Star Wars program from Reagan.
This seems like a conflict of interest.
Reposting from last thread.
Golden Dome was probably Trump’s second choice for a name after the Trump Dome
His Dome will be bigger than Israel’s Dome. Just like his missile is bigger than Kim Jong Un’s missile.
Marco Rubio read 1984 and thought “Hold my banana daiquiri”?
Good article on bezzle that is running wild in the global economies and how it artificially inflates GDP. Makes it seem that GDP is de carbonizing which isn’t true. Just a phony economy.
https://carnegieendowment.org/china-financial-markets/2021/08/why-the-bezzle-matters-to-the-economy?lang=en
Residential real estate in the US has a value of about $57 trillion. To afford the average home you need an income of about $116,000. Unfortunately the average income in the US is $67,000.
Which makes housing at nosebleed unaffordable records.
Right now nobody can afford to sell and trade their 3% mortgage for a new 7% mortgage. Not at the current average home price of $420,000 So many are stuck where they currently are.
I think we already know net energy has peaked. Even though the concept is hard to measure. But when the actual physical supply of oil starts it’s inevitable average yearly decline. Debts are going to be defaulted on everywhere you look and prices are going to fall.