The Executive Desktop
Economic and Financial
Inflation Rates and Mortgage Rates Were Out of Sync
Housing prices skyrocketed during a period of low inflation and
more important historic low mortgage rates. We are in a housing
correction now. As rates increase housing affordability go down and that
results in lower home prices.
The Mortgage Bankers Association reported
in March 2022
that the medium mortgage application payment jumped to $1,736. This is caused by both home prices and interest rate
The 2021 - 2022 US Housing
Documented by Case-Shiller Index
Seattle Graphic Above -
DFIN expect to see a significant home price correction. See
real estate Tab.
DFIN demonstrates how a August 2021 $700,000 home sale in Los Angelous, CA
may trap owners into the home. When rates go back to 8% the $700,000
purchase may result in a loss in value of more than $200,000.
German PPI Up 25% in January
Shutting Down the Economy and Printing Money Will Have Long Term
Global Debt Versus Each
(Debt to Gross National Product)
US National Debt Exceeds
Thirty (30) Trillion for First Time
Do The Rich Pay Their Fair Share of Taxes?
I couldn't find a chart like this from the 99% but I
count on them to refute this data if it is not accurate. They can't
refute the data. So if the top 1% earns 21% of income and pays 40% of the
tax isn't that enough? The top 10% of earners pay 71% of all federal taxes.
I believe it is OK if the bottom 50% of the population only pays 3% or Less.
In Kingdoms and Dictatorships the top 10%
would probably have little tax because they were friends of the Kings or
June 2021 Comment on The Economy
Some of Us Are Very Concerned
International Economy, provides insights on economic and policy issues
The Federal Reserve has increase the money supply by
over 30% in the last year. This is the greatest increase in the history of
DFIN believe that the excessive simulative fiscal policies
(government spending) and simulative monetary policy does not bode well for our
near term economy.
Their Was a Time When Banks Printed
Unlike Crypto Currency Today the
banks typically had hard assets
securing the currency issued.
Think of this money as an IOU. The image below is a
Bank of Italy $100 bill. Printed in 1927 just before the banks name was
changed to Bank of America. I would argue that this money had greater
buying power and was more secure than a US $100 bill today.