same shit, different day

R640 – good luck with whatever calls you buy. I know my sentiment is at an all-time low

Fred Hickey

Managing Director at SmartChoice Financial Brokers & Director at International Golf Advisors & Chairman of WeBringg Ltd

Ireland

Logistics and Supply Chain

THERE WILL NEVER BE ANOTHER CRASH OR SERIOUS, LONG,  BEAR STOCK MARKET AGAIN IN OUR LIFETIMES

**********************************************************

WE WILL NEVER SEE A BULL MARKET AGAIN IN GOLD–ALL DUE TO THE FINANCIALIZATION OF EVERY NATIONS ECONOMY–HERE’S WHY===

************************************************************

With central bankers so celebrated for blatantly manipulating markets, of course politicians, dictators and the like would insist on getting a piece of the action. Inflating financial markets became essential to power – economic, political and geopolitical. And as finance became integral to economic growth and the global power play, why not use financial sanctions or the threat of financial repercussions to dictate nation-state behavior? And, over time, attaining financial wealth became an absolute prerequisite for wielding geopolitical power and influence.

The old military variety appears almost feeble standing next to the contemporary Financial Arms Race. And if you seek dominance – domestically, regionally and/or internationally – you had better get a tight rein on the securities markets – whether you’re in Washington, Ankara, Moscow or Beijing. Beijing (and it’s “national team”) moved ahead in this regard, but it would appear Washington is today keen to play catch up. As market-based finance has commandeered the world, the centers of global power have moved to take command of the markets.

http://creditbubblebulletin.blogspot.com/2018/07/weekly-commentary-intimidate-nobody.html

This is why we can’t go back to those 5000 dollar homes.
This is what happened to a city I lived in, in my teens although the house I lived in I believe was 35K then.
The comparison when I left in late 60s in population more than doubled due to migrants.
This BS that migrants are good is not true, maybe some bit not a tsunami. It’s destroying city’s by cities and they’re becoming the majority. Sylmar was meant to be a horse owners area in the foothills of the mountains.

The population of the Sylmar area was roughly 3,500 in 1940, 10,000 in 1950, 31,000 in 1962,[1] 40,000 in 1972,[2] 41,922 in 1980[3] and 53,392 in 1986.[4] By 2000, a “wave of immigrants and working poor” had enveloped Sylmar, Pacoima, Arleta and Sun Valley, resulting in a housing shortage for lower-income people.[5] The 2000 U.S. census counted 69,499 residents in the 12.46-square-mile Sylmar neighborhood—or 5,579 people per square mile, among the lowest population densities for the city. In 2008, the city estimated that the population had increased to 79,614.[6] In 2009, the Sylmar Chamber of Commerce estimated that the population was approximately 90,000 residents.[7]

In 1980 Sylmar was predominantly white,[3] the ethnic breakdown being 58% white and 36% Latino.[8] Twenty years later, in 2000, the neighborhood was considered “moderately diverse” ethnically within Los Angeles, with a relatively high percentage of Latinos. The breakdown in 2000 was Latinos, 69.8%; whites, 20.7%; blacks, 4.1%; Asians, 3.4%, and others, 2.0%. Mexico (71.7%) and El Salvador (8.4%) were the most common places of birth for the 36.7% of the residents who were born abroad—an average figure for Los Angeles. In 2000 the median age for residents was 28, considered young for city and county neighborhoods.[6]

In 2000, renters occupied 29.2% of the housing stock, and house- or apartment-owners held 70.8%. The average household size of 3.6 people was considered high for Los Angeles. The percentage of married women (55.5%) was among the county’s highest. There were 3,607 veterans, or 7.7% of the population, average for the city of Los Angeles and the county.[6]

A study by four graduate students from the University of Southern California in 2005 stated that:

Sylmar in the 1970s and 1980s was a rural, predominantly white, non-Hispanic community, whose residents focused on creating a place centered around equestrian activities. Today, the dramatic influx of residents has serious consequences for a community that has too little housing stock, too few employment opportunities, overburdened public facilities and decaying public infrastructure systems.[9]