There is a “housing shortage” and an “inventory shortage” until there suddenly isn’t.
Stimulus and bailouts had a huge impact, for those that got them, and for those that didn’t.
Out-of-money-date for Cineworld — owner of Regal, second largest movie theater chain in the US — is in November or December, but it’s hoping for a US taxpayer bailout.
As after the last crisis, fueled by ultra-cheap money, they’re taking financialization of the housing market to the next level.
She starts with a question about how my three-year-around-the-world trip changed the way I look at things. Interesting question because it did change the way I look at things (video).
“Sublease Pandemic?” Office leasing activity plunged or collapsed, depending on city, even as huge amounts of sublease space that companies no longer need got dumped on the market.
A lump-sum payment in digital dollars for all Americans during a recession or to raise inflation, as an alternative to QE and negative interest rates, which have failed (transcript of my podcast).
Work-from-anywhere, unemployment, the land rush for houses, virus-fears about elevators, the oil bust: Big shifts for the fifth month in a row.
Income sags from eerie stimulus-spike. But consumers hadn’t spent all their stimulus & unemployment money, instead paid down credit cards & padded bank accounts. Now they’re drawing on them.
My Big-Four Bank Index already got crushed back to 2004 level.