All the job losses ...

[MBgrower]

Now, who would have been dumb enough to fall for the old ostrich scam

[farmaholic]

Because FIRE makes up 30% of our fake economy. Bigger than any other segment.

Selling houses to each other with giant loans is not GDP. It GDP churn. We are going to find out the hard way that speculation is not productive capacity.

How could this ever apply to farmland!?!?! It's immune to reality. "Productive capacity" is just a inconvenient "notion" to people who actually have to take a mortgage on it, and generate enough income to make that payment, pay the expenses it took to grow that crop and maybe help feed, clothe and shelter the family....


.....and farmers will buy in late, just before the reset. Better have time on your side.
Unless it's going to be different this time. Because they're not making anymore farmland(even though bush gets cleared in my area), and the world needs to eat.

What a romantic idea.....

A speculative(short term) investment versus long term someone trying to pay for it and make a living with it.

"ALL ABOARD", you decide which ship may have already left dock. I know I wasn't on the right one.

[chuckChuck]