Yen went on a free fall to a 24 year low yesterday. It is the third largest fiat currency in the world. Japan is also the largest holder of US treasuries.
Yen went on a free fall to a 24 year low yesterday. It is the third largest fiat currency in the world. Japan is also the largest holder of US treasuries.
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My girlfriend just bought a townhouse on the West coast at peak cost :sadness-abysmal:
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I let her know that I suspect the housing market is in a bubble but ultimately it’s her money and her call
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It’s hard to say too. I bought and sold a little rundown bungalow in 2018-2020. I panic sold during the pandemic because I lost my job and the economy was collapsing and I suspected housing would too.
I made out ok, but would be in a much better spot today if I kept the house.
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Bernie did a similar thing in the US and forced through some pretty nice Unemployment benefits and mortgage deferments.
Soc Dems serving their role as being the only sane, competent capitalists and rescuing capitalism from itself.
Australia is tipping towards this too (no 2008 housing price reset either).
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