DEFLATION: Comin-in strong

[errolanderson]

Asset values are about to get a whole lot cheaper. The central bank induced debt crisis is now breaking inflation like a twig. Equities, cryptos, commodities, retail, real estate now under heavy pressure. Central bankers and markets may not know what just hit them.

Human emotion cycle of greed, hope, fear, panic and sell is now in fast motion.

Keynes economics at-its-finest . . . .

[TOM4CWB]

Nov22 Canola now $972… wow

[jazz]

Thats not deflation errol, thats liquidity rushing out of one asset class and into another, probably into US treasuries.

[errolanderson]

Thats not deflation errol, thats liquidity rushing out of one asset class and into another, probably into US treasuries.

Jazz, this is money going PPPFFFFF!

[bucket]

So what happens to people that paid the high for land or a house and the asset is now 30% below its purchase price.

[Taiga]

Those people lose a lot of money.

[bucket]

Those people lose a lot of money.

Do they ? Or do they sit in the back corner office renegotiating their loan?

The people lending the money are new to this, we are talking about second generation shysters, they know the path forward because they have done it before.

[jazz]

Do they ? Or do they sit in the back corner office renegotiating their loan?

The bank doesnt want the properties, so its refi out 30 yrs again, even with higher interest rates.

The ones that used cerb money for home downpayments are probably fcked. Buying non productive assets into a multi decade speculative bubble. Wow, this takes the cake.

How come dumbass farmers could see this coming a mile away, yet our educated class got blindsided by it. First thing after covid hit, I locked every loan I had down for 5 yrs at 2.5% interest rates. Those same loans woould be 4.7% today.

Man we have some stupid people walking the earth.

[SASKFARMER]

Not this time the property will be liquidated and those who bought will have to look else where for cash to buy or will loose. Banks don’t want property and you always can find a buyer.

Now it might be investors taking it all now but the farmers who bought at the top won’t be buying.

[bucket]

I will put money on ,( not alot because I have very little to wager), some of these new young BTOs get a special deal. And pay quite a bit less than they originally bid for the land.