❤️ that KemiKaze thinks that the property market needs yet another leg up & so eliminating stamp duty is her headline policy! It's not like asset prices are already at stupid levels of inaffordability already, right? I guess the Tory's housebasher donors have spoken...
Yeah, every estate agent (realtor) I speak to in the UK is saying they've never known it so bad. I guess when anything shoots up like a rocket there comes a point when you inevitably run out of "bigger fools"?
We are definitely in "fear" territory. When the tech bro reach around ends it will be 💀
More shit that none of us actually need. How about thinking: "Do I really *need* to further fuck over the planet? Do I really need to further line the pockets of a multi billionaire sociopath?"
In some regards their continued existence is helpful as it serves as a daily reminder of what you get when you adopt an explicit anti-expert, anti-intelligence approach to life.
It's too big to save. No policy tools left, Fed totally lacks credibility. It is going to fail and the scariest thing is that it could possibly take down the whole global economy with it - like (GFC+LTCM+Evergrande)*100...
Factor in the private credit bubble and the overvalued property market and this is going to make LTCM + Lehmans GFC + Evergrande look like a walk in the park...
It's all a massive amazon / oracle / NVIDIA / openAI / meta / twitter/grok / google / apple reacharound - the absolute definition of a Ponzi, all facilitated by our friends on Wall Street.
