Sunday, August 28, 2016

Trapped Poverty Capital: Global Real Estate Mega Crash. At 0%

"Has monetary policy aided and abetted risk-taking? I hope so. That's why we did it"
- Anthony Haldane, Bank of England, July 13, 2014

660+ global interest rate cuts later and deflationary poverty capital is now trapped in every single asset class on the planet: Oil, Commodities, Junk Bonds, Carry trades, Sovereign Ponzi bonds, Global stocks, IPOs, Biotech, Unicorns, Bitcoin, Gold, Art...

Real estate:

ZH: August 28th, 2016
The Housing Markets In Aspen, Miami, and the Hamptons Are All Crashing

“I’ve never seen anything like this before.”

The speed of the collapse has been stunning...a slowdown in January turned into a free fall." 

New York
Hong Kong
San Francisco/Silicon Valley

Toll Brothers builds McMansions in the U.S.:

Janet Yellen on 2008:
“For my own part,” Yellen explained, “I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the S.I.V.’s — I didn’t see any of that coming until it happened.”

"You're hired":