International Man: Wall Street Silver, a financial analyst on Twitter, highlights that during the Great Depression, the average home cost 3x the average income. Today, it costs 8x as much.
The letter notes the challenging backdrop of strong and persistent inflation and slowing growth, and warns that rising interest rates could impair the capacity of borrowers to service the historically high stock of global debt.
In the middle of August, large groups invaded and looted supermarkets and stores in the suburbs of the capital Buenos Aires and the provinces of Mendoza, Córdoba, Neuquén, and Río Negro.
Facing more than 100% inflation and an unbearable economic environment, large groups of Argentinians have been looting stores for food. Here's why this matters to us.
• https://www.zerohedge.com, by QTRs Fringe Finance
I have often commented that inflation is especially nefarious, because it operates in the dark machinery of the night, as nobody notices or has the time to understand it.
Most people now seem to think the Federal Reserve can beat price inflation and guide the economy to a soft landing. In his podcast, Peter Schiff explains why most people are wrong. The Fed is actually in a no-win situation. And if the Fed can't win