Tag: greater depression of 2020

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The Sky is Falling: How Everyone Must Take Advantage of the Greater Depression of 2020

Blight returns to big cities as poverty now “in”

REAL ESTATE NEWS | Blog Video

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Billion Dollar Man Dan Peña says it best: “The world is burning to the mother fÏ…cking ground,” and he adds that he’s primarily concerned that not enough people are taking advantage of it. Another way of putting it is that we must pivot quickly to avoid the massive down sides of economic depression. We must take aggressive action to benefit from the extreme change in the economy as money changes hands like never before. It’s now about eating or being eaten.

A lot of problems are brewing, according to Marathon Asset Management Chairman/CEO Bruce Richards. He says that $400 billion in defaults are expected.

The panic and hysteria have dragged down the economy. Bankruptcy is spreading from retailers, restaurants, energy sector, travel, tourism and hospitality to doctors and dentists among others. Rental car companies and most internal combustion car makers find themselves caught up a creek with no paddle. Business people and consumers must get creative, and do it yesterday. Bloomberg has reported that 2020 may end up as the worst year for corporate defaults in history. The most radical monetary policy in history is pushed by an untrustworthy Fed, which is now signaling declining faith in their own abused child, the U.S. Dollar. The Fed is now a believer in Bitcoin and other blockchain cryptocurrencies, which could soon replace the once-almighty greenback. This after the Fed has been encouraging massive issuance of business debt in the form of government loans and corporate bonds. The liberal flow of government helicopter money (government hand-outs) is hardly slowing the blood loss to businesses, which expect 50% more corporate bankruptcies than normal. Most 2020 economic numbers compare to 2008/2009, with several metrics already worse than the Great Depression of 1929-1933.

EAT OR GET EATEN

Today’s artificially inflated stock market is extremely disconnected from the flailing greater economy with economic pressures of biblical proportions. The skyrocketing price of gold indicates that equities, such as stocks are in for trouble. In fact, top billionaire investor Warren Buffett has just signaled his expectation of a coming stock market down trend amid looming bank failures by moving substantial money from banks to gold. This momentous new action demonstrates a sea change coming for many investors, as money maven Buffett shifts his once-optimistic strategies to more closely match the pessimistic patterns of perma-bears like Peter Schiff.

Shorting stocks is usually among the riskiest of investments, but today’s inflated stock market makes it worth considering. Wolfpack Research Founder Dan David encourages investors to take advantage of the extremely inflated stock market by shorting financial untrustworthy company stocks like Iqiyi and Inspire Medical Systems (INSP). With nearly 40 years of stock analysis experience, the L.A. Loft Blog investment team has also identified INSP as one the most ideal short opportunities based on stock pattern appearance of artificiality, along with emerging drop pattern. David has placed blame for today’s dangerously inflated stock market on young Robin Hood investors and social media celebrity shock jocks like David Portnoy, who has since decided wisely to move day trading profits into Bitcoin.

The real estate markets in major cities was already cooling before the virus panic and market crash occurred in February 2020. The Loft Blog reported that Downtown Los Angeles area neighborhoods saw home prices fall by $23,000. This downward trend in urban real estate is expected to continue through 2021 and beyond. Take advantage of falling home prices by selling early, not waiting for the bottom to sell. Prospective buyers and real estate investors must change their thinking, and change their behavior by placing more offers and by submitting lower offers to get a super deal.

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Kids forced to walk in dangerous streets as L.A. sidewalks blocked across the street from schools and parks

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. This is not to be construed as financial advice. Readers must perform their own research and due diligence. Consult a certified financial advisor before making any investment decision. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

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Downtown Los Angeles Real Estate Update: More Sellers Than Buyers

REAL ESTATE NEWS: THE GREATER DEPRESSION OF 2020

The loft condo property market of Downtown L.A. has, for decades, attracted far more buyers than sellers. That has changed recently. Real estate professionals now report that the number of prospective buyers has dwindled down considerably over the past few years, culminating in a major collapse to nearly zero buyers since February. As more sellers find that they must sell in order to survive the Greater Depression of 2020, investors and loft lovers will come out to snap up the deals. #dtla

While Harvard Business Review recently put out an article entitled “The U.S. Is Not Headed Toward a New Great Depression,” the facts tell a different story. The article contradicts itself to the point of communicating entirely the opposite: It admits that virus “is driving a macroeconomic meltdown around the world.” Everyone agrees that there is a pandemic that is equal or larger than flu-like outbreaks of recent years, but Harvard fails to acknowledge the extreme panic and hysteria linked to pandemic fraud, waste, abuse and historic economic shutdown. Harvard admits that “heavy job losses will likely drive unemployment figures to levels not seen since the Great Depression,” but fails to acknowledge the fact that job loss speed is already much faster than that of the Great Depression. It fails to acknowledge that we’ve already experienced a much bigger and faster stock market crash than crash that precipitated the Great Depression. Harvard admits that government actions are “pushing deficits to levels last seen during World War II”. The article admits “fears and commentary that the crisis is spiraling into either a depression or a debt crisis.”

Discount real estate companies are dust. iBuyers are imploding.

The article asks, “Is it too soon for pessimism?” Well, for those who don’t know how to recognize patterns, it is likely too soon — until it’s too late. For the authority of Downtown residential real estate, actionable market projections are a part of what LA Loft Blog readers have been able to take to the bank for nearly 10 years. The data is in, the patterns are clear. The Greater Depression 2020 is visible to us. The only points to argue or ponder about are the details. By some metrics, a modern depression shall be worse, and in other effect, a 2020 depression shall be easier due to overall wealth, technology and other modern-day resources. We know that our current failing economy is already worse by several metrics. The LA Loft Blog analysis shows that the most radical economic actions in history have created an enormous stock market crash, unparalleled global paralysis, widespread business industries collapse, historic unemployment explosion and universal economic collapse of the likes never seen before by mankind. Real estate has already begun a slow, lengthy process of collapse, which shall proceed to substantial, painful levels more before the massive body that we call the real estate sector may bounce back up. Real estate is normally among the largest, most unyielding, thus slowest of sectors to crash and slowest to recover because the typical transaction takes from 45 days to 2 years from intent to completion. Because individual home sales are so slow to transact, industry contractions and expansions take an extra long time to play out.

The Harvard Business Reviews goes off on opinionated tangents while ignoring the cascading crises effect and consequences of pandemics, also ignoring our world history of offshoot crises caused by major economic shocks. The article ignores the root causes and ramifications of food shortages, poverty, starvation, corruption, crime and social disorder that have only just begun to reveal the first signs. The Harvard magazine not only ignores long-term effects of the most radical and extreme government fiscal policy in history, it speciously promotes even more extreme socialist style government meddling, pretending that the federal government can magically get away with infinite QE money printing without eventual runaway inflation or stagflation.

The ultimate ignorance comes from disregarding the massive destruction of American small business, the backbone of the middle class. Already under extreme pressure, today’s federal and state panic policy is actively wiping out the #1 key support for the vital middle class. This is a death knell. With this general decimation of small business that we are seeing, the middle class is toast. As for real estate, the medium price range middle class property market is the biggest loser.

Economist Nouriel Roubini has his own additional reasons why we’re entering into the Greater Depression, a slow-moving train wreck that will take more than five years to play out: Collapse in capital spending; Long-term negative supply shocks; ongoing covid-19 and other pandemics and panic; anti-globalist populism, which naturally leads to escalating trade wars and cyber warfare. Altogether, Roubini specifies 10 Deadly D’s that “Drive 2020s Depression: Debt, Demographics, Deflation, Debasement, Digital Disruption, De-globalization, Democracy Backlash, Duopolistic Strategic Rivalry, Digital/Tech Warfare, Deadly Disasters (Pandemics, GCC)”.

As a group, also individually, we must each personally acknowledge these major obstacles, for they carry equally gigantic opportunities: cost-cutting, re-structuring, launching new business models, streamlining government, empowering small business, medical breakthroughs, helping the poor, new media, new financial industries, digital explosion, new manufacturing industries, short selling, gold, blockchain cryptocurrencies, new security industries, new infrastructure and new real estate investment opportunities.

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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.