August 31, 2022
CNBC: Who wants to be a billionaire? 6 in 10 Americans strive to be mega-wealthy, report finds
Six in 10 adults say they even want to become a billionaire one day, according to a recent report.
If 60% of Americans get their wish, then hello hyperinflation. Talk about unintended wish consequences.
Some 44% of U.S. adults believe they have the available tools to become billionaires, largely fueled by speculative investments such as cryptocurrencies, according to the Harris Poll’s recent Americans and Billionaires Survey.
Gone is the old school illusion of prosperity era. All hail the new and improved delusion of prosperity era! 44% can't be wrong!!
"The Lock-In Effect of Rising Mortgage Rates"
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Today, in the Calculated Risk Real Estate Newsletter: "The Lock-In Effect
of Rising Mortgage Rates"
A brief excerpt:
Here is new working paper from Feder...
3 hours ago