At Cafe Americain, Jesse asks, "What is at the heart of the US financial crisis?"
He then goes on to compare it all to a huge Ponzi scheme.
It has been looking more and more like that for a while. Even the attempt to blame everything on labor, the unions, seems to be an attempt to deflect blame for what they think will happen.
The concerted efforts to put blame, fault, on anyone but the heads of this outsized Ponzi scheme does not bode well for our collective futures. Please go to:
http://jessescrossroadscafe.blogspot.com/
To read the rest of this.
Housing April 29th Weekly Update: Inventory up 2.5% Week-over-week, Up
31.8% Year-over-year
-
Altos reports that active single-family inventory was up 2.5%
week-over-week. Inventory bottomed in mid-February this year, as opposed to
mid-April in 2023...
2 hours ago
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