Can't take what's happening in NY seriously though. I was reading about prices in NY dropping under half of what the rent used to be before Covid. I could see a lot of young dumb people moving in during that time now having to move back out once the land lords raised the rent back up to what it used to be.
Yea, I thought New York might be a bad example because they have a trend of people leaving the state as well as having some of thr strictest mandates, which I have commented on a lot, kills small business and leads to drops in commercial real estate, property taxes, local revenue, jobs, etc.
I posted some more info with other states.cities after that tho, and yes other areas are having an increase... but the place that surprised me, which is pretty disconcerting was Texas (Dallas, Forth Worth, and Austin), that are now having spikes. People migjht argue it is just coming back to prepandemic numbers, but this was one of the areas that was supposed to be defying the narrative, having lots of people with good salaries move into the area, along with businesses, some of the most minimal covid restrictions, etc.
I talked about this with
@MMAisGod in this thread cause we both live in FL, which also fits that trend set.
**side note**
I find this headline interesting because it highlights this. Keep in mind that I comment on FL a lot, and even in the various Disney threads (wastelanded or not) and my Desantis thread, I am happy to indicate FL is not Alabama without Disney. So this article just shows that the wealthiest people in New York are fleeing and moving to conservative areas, mainly Florida, to West Palm Beach, where Mar-A-Lago is lol.
https://www.bloomberg.com/news/feat...-city-s-richest-1-converge-on-west-palm-beach
**end side note**
Anyways, this shows that even in a booming area like TX, this is happening, which is indicating that the inflation is much more systemic than people have been presenting it. And now all the lag behind is starting to catch up. As me and others have pointed out... Oil, which powers and transports the economy is more than double what it was under Trump.
Along with several other factors like shutdowns, etc, that COVID brought on, now this conflict in Europe, massive spending now goingt to that, supply chains affected by sanctions and the dollar losing value because of dangerous economic moves that are back firing by every measure.
I mean, the purpose of this thread is not just to highlight this incoming market crash, but also the perfect storm of multiple trends. Just Ukraine for example, with 2008 Market crash, another factor was the massive bill we had been printing money for in Afghanistan and Iraq, and didn't we just leave 85 billion there (just in military equipment)? How much money was thrown at that country and now unaccountable for with the Taliban taking over and top officials/bureaucrats and such we installed leaving with tens of millions stuffed in suitcases. Which also floods the market.... that is with raytheon happy to have this proxy war and rearming of NATO.
Is it no coincidence Ukraine is considered a very corrupt country, with literally the son of the president. Like are people really that blind to simple facts to see this? Remember, Joe Biden is one of the big uniparty collaborators who supported going to Iraq ad Afghanistan. How much money did we spend in those conflicts by NGOs funded by LIZ CHENEY, which I also love to argue about.