CH
@Econimica
Just along for the ride...
when inputs have radically changed but outputs are projected to remain the same
the black line is the Federal Reserve set federal funds rate...it is the key in allowing a decelerating growth of potential workers/consumers to consume ever more via ever lower cost of servicing that debt...and the ZIRP-inspired explosion of debt is a policy choice...so Trump…
looking at interest rate cycles in isolation is pretty telling...since '81, lower highs, lower lows, less recovery of interest cuts in the following cycle, and lower for longer...all leading to massive unrepayable federal debt that is only serviceable at Japan-like ZIRP rates.…
the accelerating white line and the fall of America are synonymous. It didn't have to be this way but the economy, finance, politics, "democracy" were set up or twisted with the assumption of eternal growth on a finite planet...and are contrary to aging demographics or certainly…
housing prices have been corrupted and dislocated from their basic purpose of providing shelter...this was a policy decision, not a mistake.
total housing unit's vs total employed persons, per Census region. Notice where there is suddenly a shortage of housing? Nah, me neither.
The US continues to bring on more housing than relative population growth or household growth...pushing housing per capita to all-time highs. But the real nexus of this is the soaring elder population vs decades of flat (and likely decline incoming) of young persons. As this no…
Since 2000, the Northeast Census region has created 2.6 million net new employed persons...and 3.2 million housing units (or almost as many new housing units as population growth). Again, this is not a sign of inadequate housing...quite the opposite.
Since YE 2019, the Northeast Census region has created a net 79k jobs... Since YE 2019, the Northeast Census region has created 826k net new housing units... ...and prices surged on the minimal growth of potentially mortgage worthy employed... There is not a lack of housing but a…
not sure the last time the "government" told me something that I believe to be true? 1984 is so real.