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They’re Waiting For The Price To Adjust And It Takes Sellers A Couple Of Months To Figure That Out

A report from the High Point Enterprise in North Carolina. “While many real estate markets are still booming, some are seeing a recent slowdown in home sales. Insurify named Greensboro-High Point as No. 3 on the list of the nation’s top cooling housing markets, with a drop of 11.76% in the median listing price from 2020 to 2021. No. 1 on the list was Milwaukee at a 17.38% drop. No. 2 was the Winston-Salem area at a 12.36% drop.”

“‘I think things are staying on the market longer because people are making a better decision for themselves,’ said High Point Regional Association of Realtors President Pam Webb. ‘You’ve got a lot of buyers who are very cautious about making offers because they’ve made offers on so many things and their hopes have been deflated by not getting something under contract.'”

From KOLO in Nevada. “According to Realtor.com, In October 2021, the median listing home price in the Truckee Meadows was $560K, trending up 67.2% year-over-year. With median home prices hitting the peak of June of this year, Kayla Dalton with Dickson Realty says we should see stabilization. ‘We’re kind of seeing it level off and the market essentially soften,’ added Dalton. ‘We’re seeing that buyer demand exit a little bit. It’s still very high but we’ve given inventory a chance to catch up a little bit.'”

“So her advice if you’re planning on house hunting? Focus on what interest rates instead of the sale price. ‘That’s going to affect their buying power far more than prices,’ said Dalton. ‘Even if prices come down $50-100,000, if interest rates jump one percent in the next year, their monthly payment is going to be exactly the same.'”

The Pensacola News Journal in Florida. “October data from the Pensacola Association of Realtors shows that the competition should ease a little as inventory slowly climbs higher, something agent Kathy Batterton thinks can be, in part, attributed to those new homebuilders catching back up on their schedules and listing thei homes. Realtors like Batterton are optimistic the next few months will see a leveling off where sellers are no longer inundated with hasty offers within hours of listing a home and buyers aren’t offering cash over the listing price as an added incentive.”

“‘I think we’re already seeing a bit of a leveling, I don’t think there will be a bubble but I’m already seeing a cooling off of the market,’ she said. ‘People aren’t being insane, they’re not throwing money at offers like they were in the spring.'”

The Modesto Bee in California. “As inventory and interest rates increase in Modesto, the local housing market is softening for the first time since the pandemic hit. Now, some home prices are decreasing, and the market is mellowing. But as Daniel Del Real, a broker associate with PMZ Real Estate, warns, those decreases aren’t affecting median home prices. ‘It’s sellers’ expectations,’ he said. ‘Sellers’ expectations are being pulled back.'”

“Sellers are seeing the sale prices of other houses on the market, and have begun to lower their own asking prices as a result, or are accepting lower offers from buyers. Del Real said it feels like ‘price softening,’ rather than ‘price dropping,’ as the median home prices remain stable. There hasn’t been much change in the median prices since April, Del Real said, when the median sale price in Modesto hit $405,000. Since then, prices have increased slightly, with the October median sale price at $430,000, according to data from TrendGraphix.”

“Rather, prices are softening during sales themselves, as sellers accept offers below the asking price, and buyers are no longer frantically competing to outbid one another. Median sales prices are a lagging indicator of market trends, Del Real said, and eventually will catch up to the sales being made. As prices are dipping, inventory is increasing locally. In March and April, respectively, there were 114 and 118 homes on the market in Modesto. That number rose steadily over the next few months, with 167 homes for sale in June and 208 in July. October saw 204 local listings.”

“As the economy continues to recover and interest rates are climbing again, ‘people’s affordability dropped down,’ Del Real said. ‘That’s causing the softening and people are slowing themselves down,’ he added. ‘They’re waiting for the price to adjust to the terms, (and) it takes sellers a couple of months to figure that out.'”

From Dirt. “Having lost millions on the sale of a couple of previous homes, singer Pharrell does not seem to have the Midas touch when it comes to his real estate portfolio. Should he sell any of the properties currently bulking up his property portfolio, including the ultra-modern place atop Laurel Canyon, history is not on Mr. Williams side when it comes to turning a profit. In 2015 he lost more than $3 million when he sold a Miami penthouse for $9.35 million, and just last year he took a $1.6-million gut punch to his pocketbook when he shed a contemporary hilltop mansion in Beverly Hills, near the top of Coldwater Canyon, that he’d purchased about 2.5 years earlier for $15.6.”

From News.com.au in Australia. “Sydney property prices have risen at the slowest rate in nearly a year after a flood of new property listings and affordability pressures helped cool the once booming market. Eased social restrictions in early October had the added effect of releasing the gates on a flood of new property listings, which took pressure off buyers to bid up prices. CoreLogic research director Tim Lawless said market conditions no longer resembled those seen earlier this year.”

“‘Virtually every factor that has driven housing values higher has lost some potency over recent months,’ he said. ‘Fixed mortgage rates are rising, higher listings are taking some urgency away from buyers, affordability has become a more substantial barrier to entry and credit is less available. The rise in listings and softening of key vendor metrics implies the housing market may be moving through peak selling conditions.'”

From Bloomberg. “China’s struggling real-estate firms had another miserable month in November as a slump in home sales deepened. The country’s builders are facing $12 billion in trust payments coming due in December, posing a major challenge for an industry whose liquidity squeeze has spooked global markets. Private-sector developers are selling the fewest bonds domestically in nearly five years, adding to the risk of additional defaults.”

“The firms have already this year defaulted on more than $10 billion of these high-yielding, short-term products, which had been deemed to be a legitimate, safe and predictable place to park money for mainly wealthy Chinese and institutions. That comes on top of at least $10.9 billion of potential losses in other wealth products at developers, including China Evergrande Group, which has angered employees and tens of thousand people across China.”

From Armstrong Economics. “Reliable sources have confirmed that Klaus Schwab and even attendees have been getting such threats of violence and death that he has postponed Davos in January for the first time, claiming it is due to the pandemic, which is not true. Schwab is, at last, starting to realize that there is a price to his academic theories. There has been an avalanche in Switzerland but it is death threats rather than snow. This sweeping wave of anger is erupting worldwide, and there is no way that security measures can be enacted to protect world leaders.”

“Even the Swiss news outlet Südostschweiz has also reported about the violent threats. Both employees, as well as attendees, have also been targeted personally. Schwab is going to discover that there is a huge price to pay for his bizarre ideas that you can destroy the world economy in 2 to 3 years and build it all back better, GREEN, in the blink of an eye.”

“Just looking at the USA. Ironically, the very states that voted Democrat will be the ones that are hit the most. The Northeast consumes 86% of all the heating oil market. California has banned all new buildings that use natural gas, forcing them to power by electricity when the grid will not support it. It is absolutely impossible to convert 82 million single-family homes to electricity. This is where their academic theories fall apart.”

“I seriously question a career at the World Economic Forum as being viable in the years ahead. Employees will have to live in a bunker underground and never leave. Working for Schwab may be a highly dangerous career post-2021. World leaders who will be a great risk even attending these events, and Schwab just may see that 2021 was 34 years since his first real Davos event. This may have been the peak in Davos as of 2021.”

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This Post Has 84 Comments

  1. ‘In October 2021, the median listing home price in the Truckee Meadows was $560K, trending up 67.2% year-over-year…’ ‘Even if prices come down $50-100,000, if interest rates jump one percent in the next year, their monthly payment is going to be exactly the same’

    Here’s the deal Kayla. Those people who were the winnahs! in the past year will be fooked. What does a fooked do? Walk away. Shacks in this area should never be half this price.

  2. ‘Virtually every factor that has driven housing values higher has lost some potency over recent months’

    And all at the same time Tim! Doncha hate it when that happens?

    1. “softening” . . “softening” . . . obviously this year’s already shopworn trendy catchphrase. like “product”.

      waiting for “tumbling” to reappear

  3. ‘You’ve got a lot of buyers who are very cautious about making offers because they’ve made offers on so many things and their hopes have been deflated by not getting something under contract.’”

    And then you’ve got the more astute who waiting patiently for the carnage that’s about to play out when the Fed’s Everything Bubble finally bursts.

  4. Austin, TX Housing Prices Crater 24% As Toxic Stew Of Subprime Mortgages And Mortgage Deliquenices Ravage Texas Capital

    https://www.movoto.com/tx/78730/market-trends/

    As one broker disclosed, “There are no bidding wars here nor has there ever been… It’s just something we deliberately misrepresent to get the buyer to pay far more.

  5. ‘prices are softening during sales themselves, as sellers accept offers below the asking price, and buyers are no longer frantically competing to outbid one another. Median sales prices are a lagging indicator of market trends, Del Real said, and eventually will catch up to the sales being made’

    Bingo Dan. So how long can the median lag shack prices? It depends on how much a lion the UHS do. In the old days the California lions could mask it for a full year. With more data, it gets out quicker now.

    1. “as sellers accept offers below the asking price”

      You’re gonna take your beatin….. and like it….. and when it’s all over but the crying, ask realtors why they lied to you. They just might respond with, “you were dumb enough to believe us.”

      1. A house is worth what someone will pay. All the morons have bought so lower your expectations….a lot!

  6. Today is Wednesday, December 1st and the mRNA COVID-19 vaccines are deadly poison.

    The government is lying to you.

    1. RFK Juniors book on Fauci is sold out on Amazon after being the top seller last week. Alex Bernsons books is at #17.

      The world is waking up. These criminals will burn.

      1. They will because it’s the truth. We can’t just “move on” from atrocities. Some people think the globalist scum media decide these things.

        Like they did while they fawned over Cuomo as he was killing thousands of elderly? That globalist scum media? Who said nothing as lock downs and hospital closures killed hundreds of thousands or even millions of poor people around the world?

  7. ‘The firms have already this year defaulted on more than $10 billion of these high-yielding, short-term products, which had been deemed to be a legitimate, safe and predictable place to park money for mainly wealthy Chinese and institutions. That comes on top of at least $10.9 billion of potential losses in other wealth products at developers’

    And they didn’t even get a safe deposit box in the sky out of it.

  8. This is a pearl-clutching article. Per The Narrative, if you oppose vaccine mandates, you are, ipso facto, “far right.”

    How the Far-Right Is Radicalizing Anti-Vaxxers

    https://www.vice.com/en/article/88ggqa/how-the-far-right-is-radicalizing-anti-vaxxers

    Far-right groups have latched onto anti-vaccine protests and rallies, creating a pipeline to extremism.

    Since the start of the pandemic, anti-vaccine movements in numerous countries have gained new life and mobilized to take advantage of the increased public focus on vaccinations. Street protests and massive social media communities sprang up to oppose social distancing measures and spread medical misinformation. As researchers tracked these rallies and online anti-vax groups, they began to notice a variety of far-right activists mingling with coronavirus conspiracy theorists.

    “What was totally new for us was the strong mixture between the conspiracy groups and the far-right groups,” said Simone Rafael, a researcher at the German anti-racism group the Amadeu Antonio Foundation.

    1. I could smell the urine soaked mattress through my phone reading that article.

      F* these globalists.

    2. if you oppose vaccine mandates, you are, ipso facto, “far right.”

      Pre-2021, anti-vaxxers were leftie granola moms.

      1. That is indeed a fact, but what’s your point?! LOL
        Pre Biden “winning” the election, most Democrats were anti this vax

        2. Pre Biden “winning” the election

          Oddly, I read that as Biden “pre winning” the election. Funny thing reading.

  9. “So her advice if you’re planning on house hunting? Focus on what interest rates instead of the sale price. ‘That’s going to affect their buying power far more than prices,’ said Dalton.

    Anyone who takes “advice” from a UHS purely and simply deserves everything that happens to them as the housing bubble bursts.

  10. ‘People aren’t being insane, they’re not throwing money at offers like they were in the spring.’”

    Don’t be insane and throw your money at that ridiculously overpriced shack,” said no realtor ever.

  11. ‘Schwab is going to discover that there is a huge price to pay for his bizarre ideas that you can destroy the world economy in 2 to 3 years and build it all back better, GREEN, in the blink of an eye’

    So who elected Klaus? Is he a dog catcher? No. Who went along with this world economy destroying? Lots of people, and we know who they are.

    Why do we punish crimes? Partly justice, but just as important or more is to deter others. We have to call out crime against humanity. It’s not a choice. Have we not seen that given an inch they take a mile. And then do it again?

    This was done to us all. And if you can’t do the time, don’t do the crime.

    1. This sweeping wave of anger is erupting worldwide, and there is no way that security measures can be enacted to protect world leaders.”

      These aren’t “world leaders.” They are craven globalist stooges who have comprehensively betrayed their countrymen.

  12. ‘The Northeast consumes 86% of all the heating oil market. California has banned all new buildings that use natural gas, forcing them to power by electricity when the grid will not support it. It is absolutely impossible to convert 82 million single-family homes to electricity’

    Besides this, it’s just stupid.

    1. California has banned all new buildings that use natural gas, forcing them to power by electricity when the grid will not support it. It is absolutely impossible to convert 82 million single-family homes to electricity.
      Let’s not forget “only electric cars” begins in 2035 and also gas powered lawn equipment is being outlawed beginning 2024. Lawn equipment usage in NC is huge, can’t speak for what CA is like, but I am guessing that is going to be a huge hit to the electric grid. Well, I guess CA can always build a few Coal burning power plants to generate the needed electricity.

      1. There won’t be any water left in a few years in the western US, so there won’t be any lawns any more. Problem solved! Except for what all the “undocumented immigrant” gardeners will do for a living…

        1. Farming and environmental ( water run off to ocean) use most of the water in CA.
          Xeriscaping is the easy one but limited savings in the big picture.
          AZ should be interesting just got back from Goodyear and Phoenix so much growth and so dry .

  13. “Conspiracy theorists” have warned that Australia is the template for what the globalists & their Democrat-Bolshevik Quislings have planned for America. Right on cue, globalist mouthpiece Jim Cramer – he of “Bear Stearns is fine!” fame – demands “military enforcement” of a universal vaccine mandate. Globalists gonna globe….

    ‘Have The Military Run It’: CNBC’s Jim Cramer Wants Military Enforcement Of Vaccine Mandate

    https://dailycaller.com/2021/11/30/military-cnbc-national-vaccine-mandate-cramer/

    CNBC host Jim Cramer expressed frustration Monday with people who have chosen to not get vaccinated for COVID-19 and proposed the idea of a nationwide vaccine mandate for all Americans to be handled by the military.

    “How do we save lives and get business back and put dinner on the table? Simple: the federal government needs to require vaccines,” Cramer stated during an episode of “Mad Money.” Cramer elaborated, “There are still some things that need to be done at a national level, and this is one of them.”

  14. Del Real said it feels like ‘price softening,’ rather than ‘price dropping,’ as the median home prices remain stable.

    All the longtime HBB stalwarts from back in 2007 will recognize that REIC shills are recycling the same lies they told back when Housing Bubble 1.0 was bursting.

  15. Hiding in tall trees and dropping your cat on unsuspecting realtors is an essential tactic for any neighborhood watch unit.

    3. ** “Hiding in tall trees and dropping your cat . .”

      HOLY SANDY SMOLEY that right there is funny as hell I don’t care who you are dangummit !!

  16. Austin, TX Housing Prices Crater 24% As Toxic Stew Of Subprime Mortgages And Mortgage Deliquenices Ravage Texas Capital

    https://www.movoto.com/tx/78730/market-trends/

    As one broker disclosed, “There are no bidding wars here nor has there ever been… It’s just something we deliberately misrepresent to get the buyer to pay far more.”

  17. Turkish developers borrowed huge sums from Eurozone banks to fund a speculative building spree. Now it’s time to pay the piper as the rapid depreciation of the lira (heckova job, Erdogan!) means those euro- and dollar-denominated loans have become prohibitively expensive to service. Up next: cascading defaults and another 2008-style systemic financial crisis.

    Why is Turkey’s lira crashing and will currency crisis worsen?

    https://www.aljazeera.com/economy/2021/12/1/turkey-lira-crashing-will-currency-crisis-worsen

    The lira lost nearly 30 percent of its value against the United States dollar in November.

  18. When globalist Quislings announce it’s “time to think about” something, it means the plans have already been drawn up and their globalist puppet masters have already issued their diktats. Rest assured, they also have plans for the “vaccine hesitant” who won’t go along with compulsory mandates.

    ‘Time to think about mandatory vaccination’ across the ENTIRE EU, Ursula von der Leyen warns after Austria and Germany announced plans to force jabs on all adults

    https://www.dailymail.co.uk/news/article-10262737/Europe-Covid-Time-think-mandatory-vaccines-Ursula-von-der-Leyen-says.html

    It is time for the European Union ‘to think about’ making Covid vaccines mandatory across the entire bloc, Ursula von der Leyen has said as the continent battles a winter wave of virus amid fears about the Omicron variant.

    The EU Commission President, speaking in Brussels, said it will ultimately be up to member states to decide their own vaccine rules – but it is her ‘personal opinion’ that the time is right to discuss forcing people to get jabs.

    1. I wouldn’t even take the injection if it did work, and wasn’t a dangerous expierment based on a unjustified need to vaccine the Globe.
      I never took the old technology vaccines , because a long time ago I decided that life style had more to do with health than anything. Big Pharmacy drug pushers trying to get people on a magic pill or vaccine for everything with no proof that its a benefit .
      This was just a Rockefellers based Monopoly system of Health Care that was a looting system that grew to the Medical Tyranny weapon of mass destruction and capture of Governments.
      Private Party product maker Big Pharmacy being so powerful that they can get Countries to force a expiermental vaccine , and censor that’s its a failure, while they say its safe and effective.
      1000 or so Multinational Globalists Monopolies with spokesperson Klaus Schwab talking like a ruling King of a new Dictorship of US and other Countries.
      This Innsurrection has already proven that they are fraudsters,, killers, and psychopaths seeking to reduce humans to drone like slaves that are social engineered into being totally controlled with no freedoms what so ever.
      Its shocking, and going back to normal is not on their agenda. Its like a pre planned script of takeover they have been planning for years. Rig the election and control the fear mongering narratives.
      Because Governments are so captured the only solution is that people just refuse and don’t comply with the pre planned fraudulent take over.
      The gleeful tyrants of this takeover hate you and want to take your wealth, take your freedoms, take your health and life if they get the chance, with their race against time to get a jab in ever arm of their poison injections they want to inject and inject and inject s the biggest looting/killing scheme ever devised,

  19. I suspect El-Erian is salty because of the threat to bond prices. But this guy is a big player, on a par with any Wall Street leader so it’s an interesting take.

    Powell’s ‘Transitory’ Retreat Is Just the Beginning
    by: Mohammed A. El-Erian
    Bloomberg
    December 1, 2021

    By retiring the word “transitory,” Federal Reserve Chair Jerome Powell did more than finally correct a gross mischaracterization of inflation that he was wedded to for way too long. He also put the spotlight on inflation as a major risk to the economy and financial markets — not because the prospects for further price increases are inherently problematic (they aren’t) but because the Fed’s communication process and policy responses have been lagging realities. The catch-up process – and a rapid one is required given the delays so far – could destabilize markets and the economy. It didn’t have to be this way.

    For months, Powell asserted that inflation was transitory. Rather than revisit in a timely basis his assertion in the face of ample evidence to the contrary, he adopted an ever-more elastic concept of the word that favored longer and arbitrary time periods at the expense of economic analytical rigor. That ensured that the Fed continued with massive monthly purchases of market securities at a time when the economy was doing just fine, the housing market was red hot, and the liquidity-fueled “everything rally” in financial assets was showing growing signs of excessive risk-taking.

    Investors loved this Fed-driven liquidity paradigm. After all, there’s nothing more reassuring for asset purchases than a very large buyer with a huge balance sheet that is active regularly and purchases on non-commercial terms. Indeed, the very notion that the Fed has been totally price insensitive as it buys over $100 billion dollars every month effectively made others become less value-sensitive, decoupling asset prices further from economic and corporate fundamentals.

    Powell’s repeated reassurance that inflation was transitory led many investors to believe — or, at least, act as this unusual market construct could last forever. The result was not just record risk assets, including stocks and cryptocurrencies, but also high prices for risk-free government bonds (low yields) despite what’s supposed to be a negative correlation.

    […]

    This is all particularly unfortunate and was entirely avoidable.

    https://www.bloomberg.com/opinion/articles/2021-12-01/powell-s-transitory-mistake-on-inflation-risks-destabilizing-markets

    1. inflation as a major risk

      Inflation is a direct result, not a risk. Anyone that says it is a risk is an idiot or a liar.

  20. Pelosi Staffer Mask Shames Republicans Hours Before Boss Spotted Maskless At Event

    by Breitbart
    December 1st 2021, 5:41 am

    Earlier this evening, Breitbart News obtained photos of House Speaker Nancy Pelosi going maskless at a crowded event in DC, in violation of the venue’s instructions, President Biden’s guidelines, and, according to a tweet just a few hours before the event, the opinions of her own staffers.

    Just under three hours before Breitbart News published the Pelosi photos, the Speaker’s deputy communications director, Robyn Patterson mocked Republicans for their opposition to masking requirements and mask mandates.

    https://www.infowars.com/posts/pelosi-staffer-mask-shames-republicans-hours-before-boss-spotted-maskless-at-event/

    Robyn Patterson
    @RM_Patterson
    Now that Omicron has emerged, I wonder if any Republican Hill staffers regret embracing anti-mask sentiment as a personality trait.
    6:12 PM · Nov 30, 2021

    https://twitter.com/RM_Patterson/status/1465821034108514304?s=20

    Mike Berg
    @MikeKBerg
    ·
    13h
    Replying to
    @RM_Patterson
    Was this your boss tonight? Is she trying to kill people?!?!?

    https://breitbart.com/politics/2021/11/30/exlusive-photos-nancy-pelosi-goes-maskless-at-crowded-dc-event/

    1. Pelosi Staffer Mask Shames Republicans Hours Before Boss Spotted Maskless At Event

      It doesn’t matter how often the alternative media busts them maskless. The MSM will never report it, thus most people have no idea this is happening. They watch politicos get injected with saline solutions masquerading as the vaxx and be none the wiser.

      While we ridicule, they stuff the ballot box and laugh.

      1. Agree 100%.

        Until the ‘right’ has an antifa like organization, that can harass, dox and even scare the $hit out of these people, they will NOT listen.

        1. Until the ‘right’ has an antifa like organization, that can harass, dox and even scare the $hit out of these people, they will NOT listen.

          They would declare martial law if that happened.

          The problem with trying to shame them over their hypocrisy is that they have no shame. They don’t care if they are exposed. Take inflation: instead of apologizing for it and promising to get prices under control they laugh (we don’t have a magic wand!) and even have the gall to say that “inflation is good!”.

          Under normal circumstances their actions would be political suicide, but do they look worried? Of course not, they have even bigger electoral fraud planned for next year.

          1. “They would declare martial law if that happened.”

            You are right about that. Worse, Romney, that evil Cheney gal and National Review will be calling for martial law.

            Yep they are beyond humiliation. Substantial loss of their money or jail time or physical harm…pick your poison. It’s a civil war, whether we accept or not.

  21. For God Sakes, you could tell in 2009 that Private Party Entities had captured the Government when the crook culprits got bailed out by trillions, and they brought on the Commie Obamacare.
    Trump Election was such a assault to all that was pre planned that they just had to rig the 2020 Election and go full force with this take over.
    The only thing good about it is they have come out in the open and have revealed the true colors of their Evil overall plans, and the lock step cooperation of captured Governments. They are the Innsurrectist that attack the people of the World . And its obvious that they are demonizing anybody that would oppose a loss of Constitutional Republic and anything that ever represented.

    1. “The only thing good about it is they have come out in the open and have revealed the true colors of their Evil overall plans”

      Very true.

  23. “According to Realtor.com, In October 2021, the median listing home price in the Truckee Meadows was $560K, trending up 67.2% year-over-year. With median home prices hitting the peak of June of this year, Kayla Dalton with Dickson Realty says we should see stabilization.

    That place is a fookin’ dump. It has to be the biggest bubble in the entire US. Those prices are so divorced from economic reality that it’s hard to even describe.

  24. oftwominds-Charles Hugh Smith: The Long Cycles Have All Turned: Look Out Below
    http://charleshughsmith.blogspot.com/2021/12/the-long-cycles-have-all-turned-look.html

    Here is the article, intact except for the chart …

    But alas, humans do not possess god-like powers, they only possess hubris, and so all bubbles pop: the more extreme the bubble, the more devastating the pop.

    Long cycles operate at such a glacial pace they’re easily dismissed as either figments of fevered imagination or this time it’s different.

    But since Nature and human nature remain stubbornly grounded by the same old dynamics, cycles eventually turn and the world changes dramatically. Nobody thinks the cyclical turn is possible until it’s already well underway.

    Multiple long cycles are turning in unison:

    1. The cycle of interest rates: down for 40+ years (last turn, 1981), now up for an unknown but consequential period of time.

    2. The cycle of inflation / deflation: the 40-year period of low real-world inflation and rip-roaring speculative debt-asset inflation has ended and now an era of scarcity, real-world inflation and speculative debt-asset deflation begins.

    3. The cycle of capital-labor balance: capital has dominated labor for 40+ years, siphoning $50 trillion from labor. This cycle has now turned and the rebalancing is underway: it’s capital’s turn to surrender gains and power.

    4. The cycle of social order-disorder: as documented by historian Peter Turchin and others, social order (in Turchin’s phrase, the integrative phase) holds sway for about 50 years and then it gives way to an era of social disorder (the disintegrative phase). This phase doesn’t end with mild reforms nobody even notices, it ends with a rebalancing of social, political and economic power.

    Ages of Discord

    5. The cycle of wealth/power inequality: wealth–and the political power it buys–becomes increasingly concentrated in the hands of the few at the expense of the many. This feeds economic and political dysfunction and exploitation that must be remedied by reducing extremes of wealth-power inequality.

    6. The cycle of speculative excess: those in power protect their wealth and the wealth of their cronies by instituting moral hazard, the disconnect of risk and consequence: the central state and central bank backstop and bail out the most egregious big speculators, who keep all their gains and transfer their losses to the public.

    The public concludes the only way to get ahead in such a rigged financial system is to belly up to the gaming tables and gamble that the next bubble will never pop because those in power won’t ever let it pop.

    But alas, humans do not possess god-like powers, they only possess hubris, and so all bubbles pop: the more extreme the bubble, the more devastating the pop. The faint cries that fade to silence are: but this time it’s different! and the Fed will save us! That’s not how cycles work: all the god-like powers are revealed as hubris, which arouses the fatal ire of Nemesis.

    1. The Financial Times
      Coronavirus pandemic
      Omicron variant detected in the US for first time
      Case of strain discovered in California as new restrictions being considered to slow the spread of the virus
      Anthony Fauci: ‘We knew that it was just a matter of time before the first case of Omicron would be detected in the United States’ © JIM LO SCALZO/POOL/EPA-EFE/Shutterstock
      Peter Wells in New York and Kiran Stacey in Washington
      3 hours ago

      The US has identified its first reported case of Covid-19 caused by the Omicron variant, with health officials confirming that an individual in California had tested positive.

      The Centers for Disease Control and Prevention said on Wednesday that the variant was discovered in an individual who returned from South Africa on November 22, two days before the variant was first reported to the World Health Organization by the country.
      …

      1. the variant was discovered in an individual who returned from South Africa

        Isn’t anyone entering the US required to test negative AND if they are foreigners to be jabbed?

        How then, did the variant get in? Unless of course the tests and jabs are useless.

        2. According to the radio, he was fully jabbed. More and more it seems obvious that the jabs do no good, only harm.

          2. According to the radio, he was fully jabbed

            How many people fly everyday into the US from southern Africa? A thousand? So all it took was a few thousand passengers, who were either vaxxed or tested negative before the flight, to bring the variant to the US.

            I would call that a resounding failure.

  26. Dying COVID-19 Patient Recovers After Court Orders Hospital to Administer Ivermectin

    ‘The drug “most definitely” saved the elderly patient’s life “because his condition changed right immediately after he took ivermectin,” attorney for the family, Kirstin M. Erickson of Chicago-based Mauck and Baker, told The Epoch Times.’

    https://www.theepochtimes.com/dying-covid-19-patient-recovers-after-court-orders-hospital-to-administer-ivermectin_4130754.html

    1. “Miami Mayor Francis Suarez would very much like Miami to be the next hub of high-tech innovation.”

      There isn’t enough IQ in Miami. Seriously!

  29. Do not underestimate the relevance of the WEF Davos meeting cancellation to the early signs of many hyper-inflated housing markets’ collapsing.

    The ‘suckers’ are starting to catch on to the scam…the market manipulations by WEF Globalist-connected entities like Black Rock are becoming common knowledge, even among the jabbed herd of sheep.

    A herd realization that mass vaXXing is not producing the promised Herd Immunity is creating Buyer’s Remorse among the many who bought the globalist Propaganda Narrative. This is starting to become a Great Awakening that the ‘Great Reset’ is at the core of a Big Con that is robbing the poor to give to the Rich(stupid bitch Klaus Schwab and his Billionaires’ Club)…

    1. ‘Do not underestimate the relevance of the WEF Davos meeting cancellation to the early signs of many hyper-inflated housing markets’ collapsing’

      Oh ….dear…

    2. Do not underestimate the relevance of the WEF Davos meeting cancellation

      My understanding is that they are only cancelling the public meetings. which are meaningless anyway. The closed door meetings are still a go.

  30. I see Turkey’s leader Erdogan wanting to cut interest rates in a high inflation episode. I think he sees the rest of the world doing low interest rates and central banks printing money to buy debt and the low headline inflation that seemingly brings. Also the apparent consequence-free money printing, a large chunk of which goes to government to spend. And money is power. The thought of being able to print with abandon and no consequence, like the US, Japan and the EU must be like crack to a junkie.

    But it’s not the rates that bring low inflation, it’s the ballooning debt they cause. The low rates boost debt, which has to be serviced long after the item is purchased, reducing expenditures on other things and slowing the economy. Then, to further boost debt, the government buying the debt (via the central bank) and replacing it with cash that finds itself captured by the top income tiers of society creates inequality and also a de facto inflation, pushing up the price of basics, again reducing the ability to spend. I think this is all captured in the M2 money velocity collapse chart. Also I suspect money getting sucked out of the real economy to chase returns in the financial economy also creates lowered economic activity in the non-financial economy.

    It’s been noted here that QE is deflationary. But the why is key – because of the debt it encourages and the money it sucks into the financial economy. And I think the inequality it causes by its trickle down conceit (“In turn, that tends to push up on the value of shares, making households and businesses holding those shares wealthier. That makes them likely to spend more, boosting economic activity” – Bank of England explainer on QE).

    So, I think the time to institute QE is when things are stable, to build up national and private debt to act as a counterbalance to inflation. However… in the case of high inequality and then an exogenous inflationary shock (e.g. covid), you might just get stagflation, like in the 70s.

    1. The business cycle, which had been stumbling along since 2008, has been wiped-out completely by COVID. The fed is now playing “whack-a-mole” as they try to prevent the pension system from eminent collapse.

  34. Covid Patient’s Life Saved After Judge Ordered Hospital To Treat With Ivermectin

    by Kelen McBreen
    December 1st 2021, 4:30 pm

    In October, a hospital in the Chicago area refused to give Mr. Ng the Nobel Prize-winning, FDA-approved drug that his doctor prescribed him because Dr. Bain is not vaccinated for Covid.

    Edward Hospital argued allowing Sun Ng to be treated with ivermectin could result in side effects, that it would violate their policies, and that a court forcing the issue would be “extraordinary” judicial overreach.

    By November, Sun’s daughter Dr. Man Kwan Ng filed a lawsuit against the hospital in an attempt to have him treated with ivermectin as he was on a ventilator and not doing well.

    A photograph of Ng showed the grandfather lying in the hospital as his health deteriorated.

    The family attorney Kirstin Erickson told Fox 32, “Mr. Ng is as good as dead in the picture, which was taken on November 4. And at that point the hospital still wouldn’t give the ivermectin.”

    In a November 5 decision, DuPage County Circuit Court Judge Paul Fullerton ruled, “I can’t think of a more extraordinary situation than when we are talking about a man’s life. I am not forcing this hospital to do anything other than to step aside. I am just asking—or not asking—I am ordering through the Court’s power to allow Dr. Bain to have the emergency privileges and administer this medicine.”

    Have an important tip? Let us know.
    EMAIL US HERE.
    A Hong Kong man visiting Illinois to celebrate his only granddaughter’s first birthday found himself in the hospital with Covid in what became a life-threatening battle.

    The grandfather, 71-year-old Sun Ng, is alive to tell the story thanks to a judge who respects freedom of choice and a man named Dr. Alan Bain, who was willing to prescribe him the controversial drug ivermectin.

    In October, a hospital in the Chicago area refused to give Mr. Ng the Nobel Prize-winning, FDA-approved drug that his doctor prescribed him because Dr. Bain is not vaccinated for Covid.

    Edward Hospital argued allowing Sun Ng to be treated with ivermectin could result in side effects, that it would violate their policies, and that a court forcing the issue would be “extraordinary” judicial overreach.

    By November, Sun’s daughter Dr. Man Kwan Ng filed a lawsuit against the hospital in an attempt to have him treated with ivermectin as he was on a ventilator and not doing well.

    A photograph of Ng showed the grandfather lying in the hospital as his health deteriorated.

    Fox 32 Chicago
    The family attorney Kirstin Erickson told Fox 32, “Mr. Ng is as good as dead in the picture, which was taken on November 4. And at that point the hospital still wouldn’t give the ivermectin.”

    In a November 5 decision, DuPage County Circuit Court Judge Paul Fullerton ruled, “I can’t think of a more extraordinary situation than when we are talking about a man’s life. I am not forcing this hospital to do anything other than to step aside. I am just asking—or not asking—I am ordering through the Court’s power to allow Dr. Bain to have the emergency privileges and administer this medicine.”

    At one point, Judge Fullerton cited a government website to prove ivermectin is not a dangerous drug, telling the court, “(N)umber one, generally well tolerated; number two, dizziness; number three, pruritus; number four, nausea/diarrhea. These are the side effects for the dosage that’s being asked to be administered. The risks of these side effects are so minimal that Mr. Ng’s current situation outweighs that risk by one-hundredfold.”

    Between November 8 and November 12, Dr. Bain was allowed to administer a five-day course of 24 milligrams of ivermectin.

    Dr. Ng said her father’s recovery “is beyond our expectations,” and thanked both Judge Fullerton and Dr. Bain, saying, “Our family especially thanks Judge Paul Fullerton. Without him, we couldn’t bring my father home and couldn’t see him smile at us again. We also sincerely thank Dr. Alan Bain for walking along with us and his administration of ivermectin to my father.”

    https://www.infowars.com/posts/covid-patients-life-saved-after-judge-ordered-hospital-to-treat-with-ivermectin/

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