This time they are shorting into this double bottom or "W" formation which is considered to be among the most powerful technical indicators in the market.
If there was ever a time where something could go wrong for the commericals, this is it.
are again shorting into this market. After the peak OI was seen in July 2016, price dropped by $300 over 6 months as the banks washed out the longs as they usually do at these junctures.
This is a 3 year monthly chart of COMEX gold dating from July 2016 to the present. The all time high open interest was last seen in July 2016 and it stood close to 657,000 contracts. OI as of yesterday stood at 605,000 contracts. The banks (who do not have the gold to deliver)
Millennials should really be way, way more pissed off at what the fuck has happened to Canadian real estate prices. If I thought this could be solved with gibbetings, I would absolutely vote for it.
You drive onto a Car Lot where there are 500 cars parked of all models and all conditions. ONLY one has a sold sign.
The Dealer tells you that based on what ONE car sold for he can tell you what the other 499 are worth.
That was the exact story told in February but with houses
There had never been a โsoft landingโ in real estate in history.
We have had quick declines in terms of time, but that only meant that the over leveraged had their loans and mortgages called at the same time and that tidal wave of bankruptcies cleansed the market and led
๐๐๐ ๐ ๐๐๐๐๐๐๐
[,sรดftโขโlandiNG]
๐๐๐ข๐.
1. A mythical scenario in real estate, where no one loses money.
2. A lie you tell real estate buyers as you unload into a declining market.
๐๐ญ๐ด๐ฐ ๐๐ฆ๐ฆ: ๐๐ต ๐๐ฏ๐ญ๐บ ๐๐ฐ๐ฆ๐ด ๐๐ฑ
#VanRe#ToRe
This is excellent! Very interesting and very well done. Millennial insolvencies are up 162% since 2011! Doesn't it seem like a contradiction that one generation, the next set of home buyers, is struggling at a time when house prices are at all time highs? How does that end well?