Imagine being conned once by psychopaths, and then clawing your way back. Then getting conned again by the exact same psychopaths again, then clawing your way back. Then trusting the exact same psychopaths one more time all over again.
That would make you a U.S. sheeple...
Fake it for zero net gain since 1998, you're a British sheeple...
Fake it for an ever-declining gain, you're a French sheeple
Fake it for 25 years straight, now you're a Japanese sheeple...
The ultra-wealthy are the last to know...
"Many say the sudden surge in hyperprice homes — often built and sold by speculative investors — is the ultimate bubble signal.
"When you have a record number of homes for sale at a price point of $100 million or more, that tells you these homes aren't selling," said Jonathan Miller, president of Miller Samuel Inc., a real estate appraisal and research firm. "It's not as deep a market as some might hope."
Indeed. It's a no-bid market. Speaking of which...
BBG: May 9th, 2016
“As far as I am concerned this is a catastrophe. It’s not just enough to get the works, you have to close the deals.”
No BID market visualized:
BBG: May 9th, 2016
“As far as I am concerned this is a catastrophe. It’s not just enough to get the works, you have to close the deals.”
No BID market visualized:
