A report from the Orange County Register in California. "Orange County’s more affordable housing has…
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From the 6:39 Caledon video:
Caledon Detached Homes Down $388,000 in 5 months. June 24 Detailed Market Update On Caledon, Ontario
Jun 24, 2022 Caledon real estate market has been declining ever since Bank of Canada announced the rate hikes in March. Get detailed stats here including price reductions, cancellation of listings, how many homes sold in Caledon, how long they’re taking to sell.
From the 15 minute Florida video:
North Florida Real Estate Housing Bubble [Week 6]
Jun 25, 2022 North Florida Real Estate Housing Bubble Week 6. Week six of my Bubble Watch series. Should you buy or should you sell? Everyone has the real estate housing market on their minds. Tom Kerr a Realtor in North Florida takes you into the back end of his MLS account to show you what is actually happening now. This is the sixth of a new weekly video series to keep tabs on the conditions for just you, a regular person. We call it Bubble Watch. Is North Florida’s housing bubble about to burst.
There’s lots of good data in this one. Check out new construction active listings at 13 minutes.
opinion
Mistakes were made: Why Germany may freeze in the dark this winter
The German people -(and not only its politicians) once thought they could come to the same long lasting peace with Russia – as with their other European neighbours – and that they had to find out – that they were mistaken has the positive effect that Germany now does everything to become entirely energy independent.
And that will cost time and money BUT Germany is a very wealthy country which can afford it and NOBODY has to freeze in Winter.
NOBODY has to freeze in Winter.
True very true, but only because they have Coal based power plants. Otherwise…..
FWIW: Greta wants you to freeze rather than use coal!
“The upshot of the two chancellors wooing Mr. Putin was that Germany became an utter slave to Russian gas, to the point that, under pressure from the Greens, it agreed a decade ago to close all of the country’s nuclear generating plants. The last three nukes in the once vast (and carbon-free) fleet are to shut by the end of the year. In the meantime, Germany and other countries in Europe are rushing to reopen mothballed coal burners.”
Will those righteous Greens be at the ribbon cutting ceremonies when the coal fired power plants are re-activated?
‘Will those righteous Greens be at the ribbon cutting ceremonies when the coal fired power plants are re-activated?’
as there won’t be any ‘ribbon cutting ceremonies’ – the main thing those righteous Greens regret -(together with every other German who trusted Putin) that they mistook a brutal Dictator and War Criminal for a peaceful sympathiser of the Greens.
Are German coal mines still active?
‘Prince Charles personally accepted suitcases and shopping bags stuffed with millions of dollars’ worth of cash from a controversial Qatari politician between 2011 and 2015, according to an explosive new report.’
“Everyone felt very uncomfortable about the situation,” a former adviser to the Prince of Wales told the Sunday Times of London. The “only thing we could do was to count the money and make a mutual record of what we’d done,” the source said. “And then call the bank.”
‘He came toting stacks of bills totaling 3 million euros — about $3.2 million at today’s exchange rates — in duffel bags, a suitcase, and several branded shopping bags from the famed Fortnum & Mason department store.’
‘The payments were deposited into the Prince of Wales’s Charitable Fund (PWCF), a grant-making entity that quietly bankrolls the prince’s pet projects — and pays the bills at his Scottish country estate.’
‘Crypto crash: a failed Kiwi crypto, a portfolio fallen 90%, and risk of layoffs’
‘James Rohloff is well acquainted with the perils of the crypto market.
During the gold rush of 2021 he helped launch a coin that had a brief time in the sun, jumping 300% in value, before collapsing to be worth a tenth of a cent. He has a simple method of dealing with the current downturn, which has so far resulted in some of the world’s largest crypto exchanges laying off hundreds of staff , lenders freeze transactions, and the value of bitcoin falling over 70%.’
“It’s best to just not look at it, because it doesn’t feel that great,” he says.’
‘Quickenden says the sector welcomed the influx of big investors because it made prices boom, but it means the sentiment that directs other markets now also has a strong grip on crypto. This, he says, is a big reason cryptos are falling in line with stock markets, pension funds, and the housing market, and acting far more like a tech stock than the “safe harbour assets” advocates often claimed them to be.’
‘ Rohloff talks about a “frenzy” that happened during 2021, when it seemed every new crypto that launched on the market couldn’t lose. “Unless you’re investing in a scam when someone’s just going to rug-pull and take all your money you really couldn’t lose on any early investment you made,” he said. “Now obviously it’s changed a lot – it’s very different.”
‘It’s no secret at this point that plenty of onlookers are watching the crypto crash with glee, laughing as tokens tumble and NFT volumes shrink. The crypto industry has managed to make plenty of consumer enemies throughout this bull run — with detractors highlighting aggressive energy usage, the addictive profile of crypto investing and how NFTs have become “MLMs for dudes” — as justifications for their distaste.’
‘This week, NFT denizens descended on Times Square in New York. Pricey images found their way onto the massive advertising screens, token-gated parties flourished and a host of suddenly less rich collectors found their way to commiserate and double down. My co-host Anita had the chance to visit NFT NYC in person and gave some thoughts below, but in some ways, the positive vibes showcase an industry going from growth mode to survival mode.’
‘In the end, it’s no secret that the NFT market was filled with an awful lot of bullshit, and any bear market could and should restore some sanity to what’s left behind, but the lines are looking a little blurry in NFT land.’
‘Tucked away on dual cul-de-sacs just minutes from the vibrant Lenexa City Center, Enclave at Prairie Star offers an idyllic setting for maintenance-provided, luxury villa homes exclusively built by Lambie Homes.’
‘The current, fast-paced real estate market isn’t always conducive to flexibility, but prospective buyers will find the opposite within Enclave at Prairie Star. Two three-bedroom, three-bathroom luxury villas are move-in ready, priced in the upper $500,000s. And better yet: they’re both currently staged, giving prospective buyers who tour them a better sense of all that the thoughtfully designed floor plans have to offer.’
As one Orlando broker explained, “We’re forecasting prices falling well below 2008 levels.”
‘With token prices plummeting, customers unable to transfer money to their accounts and a dreaded transaction tax on cryptocurrencies just around the corner, exchanges like Binance-backed WazirX have put expansion plans on the back burner.’
“We have cut down all our non-critical costs,” said Rajagopalan Menon, WazirX’s vice president. “We are hiring only critical hires, we aren’t spending money at all. It’s literally crypto winter here,” he said, using industry jargon for an extended bear market.’
‘WazirX isn’t alone. Rival exchanges Unocoin and BuyUcoin are also responding to vanishing trading volumes in a market that just last year ranked second in the world for crypto adoption.’
‘That a crypto marketplace should be in cost-cutting mode is hardly a surprise — Coinbase Global Inc. and Crypto.com have announced layoffs in the last two weeks alone — but Indian exchanges face the added burden of a new tax system that executives fear will wipe out what little trading is left. WazirX’s daily volume has slumped about 95% since October, data from CoinGecko shows.’
‘It’s a remarkable turnaround from last year, when India was one of the world’s hottest crypto markets. The country’s cryptocurrency market expanded more than 600% in the 12 months through June 2021, according to researcher Chainalysis, which used a metric that estimates the total amount of crypto received in a country.’
‘Crypto exchanges took out full-page ads in newspapers and signed up Bollywood stars to promote their offerings to one of the world’s youngest populations. Coinbase-backed CoinDCX became the official title sponsor of a cricket series between India and Sri Lanka. “Last year that was the golden age,” said Menon.’
‘With no immediate relief in sight, existing employees at WazirX may have to shoulder more work. “If someone leaves the company, earlier replacement was near instant,” Menon said. “Now, we are checking if someone can double up for that position.”
As one regional lender explained, “The fact that subprime has been the go to mortgage of the last 17 years is one that we do our best to conceal.”
‘When Carole Pruett and her husband Tom bought their home in the Bel Aire neighborhood in Idaho Falls more than 30 years ago, it cost $15,000. In the last 10 years, she’s watched her property value go up at about the same amount as that initial purchase price, until this year when her property assessment increased by $55,000.’
‘Pruett’s home was recently appraised at $255,000, she said. Idaho residents won’t know how much they will pay in their annual property taxes following the recent appraisals until later this year, but Pruett said she would’ve had to pay about $1,800 last year excluding discounts like the homeowners’ exemption.’
“That sounds good if you’re going to sell,” Pruett, 79, said. “But if you’re trying to subsist on even a moderate income, that’s a chunk of change.”
‘Another Bel Aire resident, Luann Buckmaster, said she bought her home in 2003 for $50,000, and felt she overpaid. On Friday, Zillow estimated her home’s value to be over $236,000. Buckmaster said with the homeowner’s exemption, she paid nearly $1,000 in property taxes last year.’
‘Buckmaster said she makes just over $1,000 a month off Social Security, her only source of income. In response to inflation and higher taxes, she’s cut her grocery budget substantially and has recently stopped buying meat. “I haven’t ate red meat in over a year,” Buckmaster said. “Who can afford it?”
“Buckmaster said she makes just over $1,000 a month off Social Security, her only source of income.”
A $1k/mo means Luann has never been employed, never made schitt.
‘For two decades California politicians have promised to spend more money on mental health care, drug rehabilitation and housing, but the problem has only grown worse. Between 2010 and 2020, California’s homeless population increased 31% even as it has declined 18% in the rest of the US.’
‘One reason Californians have not demanded change is because many of us are able to escape the chaos in the cities by living in hilly neighborhoods in a manner similar to the rich in the 2013 sci-fi movie, “Elysium,” where the wealthy leave Earth to dwell in a satellite in space, while the poor persist in violent shanty towns back on our planet.’
‘I am one of those Californians. I am based in the Berkeley Hills and, like everyone who lives on a hill, I can go about my days without ever coming across somebody screaming psychotically at invisible enemies, overdosing on drugs or defecating on the sidewalk.’
‘Over the last two years, when I would tell my neighbors I was writing a book on the homeless crisis, several wrinkled their faces and whispered, “That’s why I don’t go downtown.” On Twitter, many people who claim to be progressive believe they have successfully debunked our documentation of human depravity in downtown San Francisco by posting selfies of themselves in front of the Golden Gate Bridge, or atop Lombard Street, where there aren’t homeless encampments.’
‘As spotlights flared in Asbury Park, New Jersey, earlier this month, Tyler Winklevoss clasped a microphone, closed his eyes, and bleated the lyrics to Don’t Stop Believin’—standing, as always, next to his identical brother, Cameron. It was a fitting song for two of the principal mascots of crypto, a movement reliant on epic sums of blind faith.’
‘But as the crypto market melts down, the brothers appear to have lost some of their interest in the industry and their beleaguered startup Gemini, instead leaning into their “hard-hitting rock band,” Mars Junction. They have embarked on a 10-stop cross-country tour and launched a line of accompanying NFTs.’
‘Gemini employees, meanwhile, are polishing their résumés. Just days before the Asbury Park concert, on June 2, the Winklevii—a nickname that became famous via their depiction in the 2010 Facebook drama The Social Network—announced in a public statement that they were axing dozens of workers to make the cryptocurrency exchange “better over the long run.”
‘Based on interviews with nine current and former employees, that sequence of events isn’t going over well. “They laid off 10 percent of their staff,” said one aggrieved former staffer, “and then they went on tour with their rock band.”
‘Another former employee, who left the company late last year, complained that in the rush to hire, Gemini onboarded people who “really didn’t know what they were doing.” The startup’s leadership didn’t seem fully prepared for the volatility of the crypto market, either.’
“I think the management was very young, [with a] kind of a finance-bro kind of mentality,” the former employee said. “I think leadership really was just kind of walking around like a bunch of chickens with their heads cut off.”
“The company is barely afloat, it’s a sinking ship,” one verified employee wrote late last month. “The management/leadership in all divisions are trash. Most had like a year of work experience and [were] nobodies before they joined Gemini.”
So –
as Elon Musk is believing that ‘a much bigger crash is coming’
-(than 2008)
So what do YOU believe?
(Everybody here – who saw the last crash coming)
Reluctantly reported by Real Journalists.
“Authorities in Longmont are investigating an arson after a Christian-centered crisis pregnancy center was targeted by vandals early Saturday morning.
Life Choices, located at 20 Mountain View Avenue, was set on fire and tagged with pro-choice messages, including the message, “if abortions aren’t safe neither are you.”
This incident, which occurred sometime between 2:45 a.m. and 3:30 a.m., comes just hours after Friday’s U.S. Supreme Court ruling that overturned Roe v. Wade.
The Longmont pregnancy center was heavily damaged by fire and smoke, authorities said. The extent of damage is unknown.”
From the 6:39 Caledon video:
Caledon Detached Homes Down $388,000 in 5 months. June 24 Detailed Market Update On Caledon, Ontario
Jun 24, 2022 Caledon real estate market has been declining ever since Bank of Canada announced the rate hikes in March. Get detailed stats here including price reductions, cancellation of listings, how many homes sold in Caledon, how long they’re taking to sell.
From the 15 minute Florida video:
North Florida Real Estate Housing Bubble [Week 6]
Jun 25, 2022 North Florida Real Estate Housing Bubble Week 6. Week six of my Bubble Watch series. Should you buy or should you sell? Everyone has the real estate housing market on their minds. Tom Kerr a Realtor in North Florida takes you into the back end of his MLS account to show you what is actually happening now. This is the sixth of a new weekly video series to keep tabs on the conditions for just you, a regular person. We call it Bubble Watch. Is North Florida’s housing bubble about to burst.
There’s lots of good data in this one. Check out new construction active listings at 13 minutes.
opinion
Mistakes were made: Why Germany may freeze in the dark this winter
https://www.theglobeandmail.com/business/commentary/article-mistakes-were-made-why-germany-may-freeze-in-the-dark-this-winter/
The German people -(and not only its politicians) once thought they could come to the same long lasting peace with Russia – as with their other European neighbours – and that they had to find out – that they were mistaken has the positive effect that Germany now does everything to become entirely energy independent.
And that will cost time and money BUT Germany is a very wealthy country which can afford it and NOBODY has to freeze in Winter.
NOBODY has to freeze in Winter.
True very true, but only because they have Coal based power plants. Otherwise…..
FWIW: Greta wants you to freeze rather than use coal!
“The upshot of the two chancellors wooing Mr. Putin was that Germany became an utter slave to Russian gas, to the point that, under pressure from the Greens, it agreed a decade ago to close all of the country’s nuclear generating plants. The last three nukes in the once vast (and carbon-free) fleet are to shut by the end of the year. In the meantime, Germany and other countries in Europe are rushing to reopen mothballed coal burners.”
Will those righteous Greens be at the ribbon cutting ceremonies when the coal fired power plants are re-activated?
‘Will those righteous Greens be at the ribbon cutting ceremonies when the coal fired power plants are re-activated?’
as there won’t be any ‘ribbon cutting ceremonies’ – the main thing those righteous Greens regret -(together with every other German who trusted Putin) that they mistook a brutal Dictator and War Criminal for a peaceful sympathiser of the Greens.
Are German coal mines still active?
‘Prince Charles personally accepted suitcases and shopping bags stuffed with millions of dollars’ worth of cash from a controversial Qatari politician between 2011 and 2015, according to an explosive new report.’
“Everyone felt very uncomfortable about the situation,” a former adviser to the Prince of Wales told the Sunday Times of London. The “only thing we could do was to count the money and make a mutual record of what we’d done,” the source said. “And then call the bank.”
‘He came toting stacks of bills totaling 3 million euros — about $3.2 million at today’s exchange rates — in duffel bags, a suitcase, and several branded shopping bags from the famed Fortnum & Mason department store.’
‘The payments were deposited into the Prince of Wales’s Charitable Fund (PWCF), a grant-making entity that quietly bankrolls the prince’s pet projects — and pays the bills at his Scottish country estate.’
https://nypost.com/2022/06/25/prince-charles-took-millions-in-cash-from-qatari-sheikh-report/
‘Crypto crash: a failed Kiwi crypto, a portfolio fallen 90%, and risk of layoffs’
‘James Rohloff is well acquainted with the perils of the crypto market.
During the gold rush of 2021 he helped launch a coin that had a brief time in the sun, jumping 300% in value, before collapsing to be worth a tenth of a cent. He has a simple method of dealing with the current downturn, which has so far resulted in some of the world’s largest crypto exchanges laying off hundreds of staff , lenders freeze transactions, and the value of bitcoin falling over 70%.’
“It’s best to just not look at it, because it doesn’t feel that great,” he says.’
‘Quickenden says the sector welcomed the influx of big investors because it made prices boom, but it means the sentiment that directs other markets now also has a strong grip on crypto. This, he says, is a big reason cryptos are falling in line with stock markets, pension funds, and the housing market, and acting far more like a tech stock than the “safe harbour assets” advocates often claimed them to be.’
‘ Rohloff talks about a “frenzy” that happened during 2021, when it seemed every new crypto that launched on the market couldn’t lose. “Unless you’re investing in a scam when someone’s just going to rug-pull and take all your money you really couldn’t lose on any early investment you made,” he said. “Now obviously it’s changed a lot – it’s very different.”
https://www.stuff.co.nz/business/128991086/crypto-crash-a-failed-kiwi-crypto-a-portfolio-fallen-90-and-risk-of-layoffs
‘It’s no secret at this point that plenty of onlookers are watching the crypto crash with glee, laughing as tokens tumble and NFT volumes shrink. The crypto industry has managed to make plenty of consumer enemies throughout this bull run — with detractors highlighting aggressive energy usage, the addictive profile of crypto investing and how NFTs have become “MLMs for dudes” — as justifications for their distaste.’
‘This week, NFT denizens descended on Times Square in New York. Pricey images found their way onto the massive advertising screens, token-gated parties flourished and a host of suddenly less rich collectors found their way to commiserate and double down. My co-host Anita had the chance to visit NFT NYC in person and gave some thoughts below, but in some ways, the positive vibes showcase an industry going from growth mode to survival mode.’
‘In the end, it’s no secret that the NFT market was filled with an awful lot of bullshit, and any bear market could and should restore some sanity to what’s left behind, but the lines are looking a little blurry in NFT land.’
https://techcrunch.com/2022/06/25/formerly-rich-nft-buyers-party-through-the-pain/
‘Tucked away on dual cul-de-sacs just minutes from the vibrant Lenexa City Center, Enclave at Prairie Star offers an idyllic setting for maintenance-provided, luxury villa homes exclusively built by Lambie Homes.’
‘The current, fast-paced real estate market isn’t always conducive to flexibility, but prospective buyers will find the opposite within Enclave at Prairie Star. Two three-bedroom, three-bathroom luxury villas are move-in ready, priced in the upper $500,000s. And better yet: they’re both currently staged, giving prospective buyers who tour them a better sense of all that the thoughtfully designed floor plans have to offer.’
https://www.msn.com/en-us/money/realestate/move-in-ready-homes-available-as-luxury-villa-community-nears-completion/ar-AAYSkmL
Grand Island, FL Housing Prices Crater 14% YOY As Orlando Area Housing Market Turns Toxic On Soaring Inventory And Skyrocketing Mortgage Fraud
https://www.movoto.com/fl/32735/market-trends/
As one Orlando broker explained, “We’re forecasting prices falling well below 2008 levels.”
‘With token prices plummeting, customers unable to transfer money to their accounts and a dreaded transaction tax on cryptocurrencies just around the corner, exchanges like Binance-backed WazirX have put expansion plans on the back burner.’
“We have cut down all our non-critical costs,” said Rajagopalan Menon, WazirX’s vice president. “We are hiring only critical hires, we aren’t spending money at all. It’s literally crypto winter here,” he said, using industry jargon for an extended bear market.’
‘WazirX isn’t alone. Rival exchanges Unocoin and BuyUcoin are also responding to vanishing trading volumes in a market that just last year ranked second in the world for crypto adoption.’
‘That a crypto marketplace should be in cost-cutting mode is hardly a surprise — Coinbase Global Inc. and Crypto.com have announced layoffs in the last two weeks alone — but Indian exchanges face the added burden of a new tax system that executives fear will wipe out what little trading is left. WazirX’s daily volume has slumped about 95% since October, data from CoinGecko shows.’
‘It’s a remarkable turnaround from last year, when India was one of the world’s hottest crypto markets. The country’s cryptocurrency market expanded more than 600% in the 12 months through June 2021, according to researcher Chainalysis, which used a metric that estimates the total amount of crypto received in a country.’
‘Crypto exchanges took out full-page ads in newspapers and signed up Bollywood stars to promote their offerings to one of the world’s youngest populations. Coinbase-backed CoinDCX became the official title sponsor of a cricket series between India and Sri Lanka. “Last year that was the golden age,” said Menon.’
‘With no immediate relief in sight, existing employees at WazirX may have to shoulder more work. “If someone leaves the company, earlier replacement was near instant,” Menon said. “Now, we are checking if someone can double up for that position.”
https://www.msn.com/en-in/money/topstories/crypto-exchanges-hunker-down-after-crash-in-prices/ar-AAYSfMe?fromMaestro=true
Bellair, FL Housing Prices Crater 14% YOY As Tampa Housing Prices Drop Like A Rock
https://www.movoto.com/belleair-fl/market-trends/
As one regional lender explained, “The fact that subprime has been the go to mortgage of the last 17 years is one that we do our best to conceal.”
‘When Carole Pruett and her husband Tom bought their home in the Bel Aire neighborhood in Idaho Falls more than 30 years ago, it cost $15,000. In the last 10 years, she’s watched her property value go up at about the same amount as that initial purchase price, until this year when her property assessment increased by $55,000.’
‘Pruett’s home was recently appraised at $255,000, she said. Idaho residents won’t know how much they will pay in their annual property taxes following the recent appraisals until later this year, but Pruett said she would’ve had to pay about $1,800 last year excluding discounts like the homeowners’ exemption.’
“That sounds good if you’re going to sell,” Pruett, 79, said. “But if you’re trying to subsist on even a moderate income, that’s a chunk of change.”
‘Another Bel Aire resident, Luann Buckmaster, said she bought her home in 2003 for $50,000, and felt she overpaid. On Friday, Zillow estimated her home’s value to be over $236,000. Buckmaster said with the homeowner’s exemption, she paid nearly $1,000 in property taxes last year.’
‘Buckmaster said she makes just over $1,000 a month off Social Security, her only source of income. In response to inflation and higher taxes, she’s cut her grocery budget substantially and has recently stopped buying meat. “I haven’t ate red meat in over a year,” Buckmaster said. “Who can afford it?”
https://www.postregister.com/news/local/theyre-going-to-tax-us-out-of-here-idaho-falls-residents-react-to-property-assessments/article_d3c77a6b-cea5-5cd4-9a90-5eba1fa4ee28.html
“Buckmaster said she makes just over $1,000 a month off Social Security, her only source of income.”
A $1k/mo means Luann has never been employed, never made schitt.
‘For two decades California politicians have promised to spend more money on mental health care, drug rehabilitation and housing, but the problem has only grown worse. Between 2010 and 2020, California’s homeless population increased 31% even as it has declined 18% in the rest of the US.’
‘One reason Californians have not demanded change is because many of us are able to escape the chaos in the cities by living in hilly neighborhoods in a manner similar to the rich in the 2013 sci-fi movie, “Elysium,” where the wealthy leave Earth to dwell in a satellite in space, while the poor persist in violent shanty towns back on our planet.’
‘I am one of those Californians. I am based in the Berkeley Hills and, like everyone who lives on a hill, I can go about my days without ever coming across somebody screaming psychotically at invisible enemies, overdosing on drugs or defecating on the sidewalk.’
‘Over the last two years, when I would tell my neighbors I was writing a book on the homeless crisis, several wrinkled their faces and whispered, “That’s why I don’t go downtown.” On Twitter, many people who claim to be progressive believe they have successfully debunked our documentation of human depravity in downtown San Francisco by posting selfies of themselves in front of the Golden Gate Bridge, or atop Lombard Street, where there aren’t homeless encampments.’
https://nypost.com/2022/06/25/californians-start-to-reject-progressive-policiesbut-not-fast-enough/
‘As spotlights flared in Asbury Park, New Jersey, earlier this month, Tyler Winklevoss clasped a microphone, closed his eyes, and bleated the lyrics to Don’t Stop Believin’—standing, as always, next to his identical brother, Cameron. It was a fitting song for two of the principal mascots of crypto, a movement reliant on epic sums of blind faith.’
‘But as the crypto market melts down, the brothers appear to have lost some of their interest in the industry and their beleaguered startup Gemini, instead leaning into their “hard-hitting rock band,” Mars Junction. They have embarked on a 10-stop cross-country tour and launched a line of accompanying NFTs.’
‘Gemini employees, meanwhile, are polishing their résumés. Just days before the Asbury Park concert, on June 2, the Winklevii—a nickname that became famous via their depiction in the 2010 Facebook drama The Social Network—announced in a public statement that they were axing dozens of workers to make the cryptocurrency exchange “better over the long run.”
‘Based on interviews with nine current and former employees, that sequence of events isn’t going over well. “They laid off 10 percent of their staff,” said one aggrieved former staffer, “and then they went on tour with their rock band.”
‘Another former employee, who left the company late last year, complained that in the rush to hire, Gemini onboarded people who “really didn’t know what they were doing.” The startup’s leadership didn’t seem fully prepared for the volatility of the crypto market, either.’
“I think the management was very young, [with a] kind of a finance-bro kind of mentality,” the former employee said. “I think leadership really was just kind of walking around like a bunch of chickens with their heads cut off.”
“The company is barely afloat, it’s a sinking ship,” one verified employee wrote late last month. “The management/leadership in all divisions are trash. Most had like a year of work experience and [were] nobodies before they joined Gemini.”
https://www.yahoo.com/news/winklevoss-twins-shitty-band-road-015932504.html
So –
as Elon Musk is believing that ‘a much bigger crash is coming’
-(than 2008)
So what do YOU believe?
(Everybody here – who saw the last crash coming)
Reluctantly reported by Real Journalists.
“Authorities in Longmont are investigating an arson after a Christian-centered crisis pregnancy center was targeted by vandals early Saturday morning.
Life Choices, located at 20 Mountain View Avenue, was set on fire and tagged with pro-choice messages, including the message, “if abortions aren’t safe neither are you.”
This incident, which occurred sometime between 2:45 a.m. and 3:30 a.m., comes just hours after Friday’s U.S. Supreme Court ruling that overturned Roe v. Wade.
The Longmont pregnancy center was heavily damaged by fire and smoke, authorities said. The extent of damage is unknown.”
https://www.thedenverchannel.com/news/local-news/christian-centered-crisis-pregnancy-center-in-longmont-targeted-by-vandals
“They’re not sending their best”
– does that mean that a much huger crash is coming?
(but only in the States which don’t allow abortions?
what