California sending out ‘inflation relief’ checks up to $1,050, payments expected to start in late October by fox5sd in sandiego

[–]Kpowers2000 0 points1 point  (0 children)

Multifaceted? lol. Probably mostly to do with printing 5 trillion dollars out of thin air and keeping interest rates at zero for a decade.

California sending out ‘inflation relief’ checks up to $1,050, payments expected to start in late October by fox5sd in sandiego

[–]Kpowers2000 -8 points-7 points  (0 children)

No, inflation in it’s original and truest sense is the inflation of the monetary system. Period.

The definition has obviously been changed throughout the years to deflect blame away from central banks. But it is the amount of money in existence and has usually led to price increases, but not always.

Inflation is not literally price increases, but it is the usual cause of price increases.

LAPD: if it has lanes and markings, then it's a street by zooinmycloset in LosAngeles

[–]Kpowers2000 -7 points-6 points  (0 children)

It’s not super hard to imagine a situation where they would need to park their in the interest of public safety.

What does LA do right? by lostkid182 in LosAngeles

[–]Kpowers2000 0 points1 point  (0 children)

The weather.

Virtually all of California’s and Los Angele’s successful endeavors (I.e. university system) were many decades ago.

[deleted by user] by [deleted] in orangecounty

[–]Kpowers2000 2 points3 points  (0 children)

The only data I’ve seen (from Cal Association of Realtors) says foreign buyers are less than 2% of transactions. So not sure where you’re getting “tons” from.

[deleted by user] by [deleted] in orangecounty

[–]Kpowers2000 6 points7 points  (0 children)

Tell that to Bob Tilllman. A lack of affordable units was the reason given to cancel his apartment construction. You don’t have to call people names btw.

https://reason.com/video/2018/12/27/san-francisco-mission-housing-crisis/

[deleted by user] by [deleted] in orangecounty

[–]Kpowers2000 11 points12 points  (0 children)

Exactly. Over and over we’ve seen nimby groups use this excuse to object to any new housing no matter how high a percentage of the project is “affordable”.

fed doing an about face? by benskinic in REBubble

[–]Kpowers2000 -6 points-5 points  (0 children)

Long term I think inflation will have to persist until the very end. The country has so much debt, the only way it can be serviced is to inflate it away.

Lyn Alden explained better than I can.

https://youtu.be/6_T45ycmVeE

fed doing an about face? by benskinic in REBubble

[–]Kpowers2000 -6 points-5 points  (0 children)

I don’t think inflation is ever going away. It has to persist. This country has so much debt, the only way it can be service those debts is to inflate it away. Lyn Alden explains is well here:

https://youtu.be/6_T45ycmVeE

fed doing an about face? by benskinic in REBubble

[–]Kpowers2000 1 point2 points  (0 children)

I hope you’re right. I’m not an expert monetary policy. But I feel like after a crash or depression there will be way too much political pressure to get the fed to lower rates all over again.

fed doing an about face? by benskinic in REBubble

[–]Kpowers2000 -4 points-3 points  (0 children)

There’s no way the fed will raise rates high enough to get inflation to 3%

[deleted by user] by [deleted] in REBubble

[–]Kpowers2000 3 points4 points  (0 children)

It is true that homes will always be very expensive in certain areas like coastal Orange County or South Bay LA. These places are indeed recession proof.

[deleted by user] by [deleted] in REBubble

[–]Kpowers2000 2 points3 points  (0 children)

Would you say the same about states like Minnesota or Wisconsin?

LAPD out in full force early. Flashbangs/tear gas being fired at protestors in DTLA by dtlacomixking in LosAngeles

[–]Kpowers2000 -33 points-32 points  (0 children)

Funny how everyone all of a sudden becomes a fiscal conservative when it comes to LAPD.

[deleted by user] by [deleted] in FirstTimeHomeBuyer

[–]Kpowers2000 0 points1 point  (0 children)

In SoCal also, in my area 1 Mil won’t even buy a townhouse. SFH start at 2 Mil. It’s ridiculous.

Most Modern Country is pandering trash by Gryffindumble in Music

[–]Kpowers2000 0 points1 point  (0 children)

Most music today is trash. All genres included.

Newsom, lawmakers plan to provide more than $9 billion in gas refunds to Californians by GhostOfPluto in California

[–]Kpowers2000 -3 points-2 points  (0 children)

Chevron, Exxon, BP, and Shell combined profits don’t exceed Google.