To download the podcast – Right mouse click here (duration 31:48; 3:30pm)
-Let’s not forget that we are still operating under a post-2008 monetary system. Despite concerns of nascent inflationary pressures, I see little chance of it really overturning the current system. All this debt for the social largess will have to be serviced and will provide the deflationary millstone required for this wealth consolidation scheme to continue.
-A too high percentage of investors are worried about inflation; if the Fed wanted, it could nip it in the bud. The Fed only has to come out and say something and the push in higher bond yields would halt. All this debt of $1.9 trillion in new stimulus will remain for future generations.
-A discussion about who really benefits from social spending.
-U.S. real estate prices are still very inexpensive. I lay out all the reasons why housing prices will still continue moving north; not just here in the U.S., but the rest of the world. Below are two tables that show house price affordability ratios around the world. There is still room for house prices to expand here substantially.
Please click table headers to sort
Housing affordability by country
Housing affordability by city-state
-Sort the data on these two charts. You will see how cheap U.S. housing is for its residents. The demographics of open borders, reparations, massive social largess are only going to raise prices even higher.
-Once stocks overcome the problems we are seeing with the ostensible Fed ignorance, prices will move higher.