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Perfectly Normal Markets- 4/28/23

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2 hours ago, sandy beach said:

L&L, Mitsubishi Default on $93M Loan for Metropolitan Offices
GlobeSt.com|20 hours ago
As a wave of more than $16B in CMBS loans backed by New York City office buildings comes due in 2023, office assets with plunging valuations that can’t be refinanced because the lending window has shut are beginning to topple into default like dominoes.

And nobody saw it coming. 

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14 minutes ago, Jimi said:

Bitcoin supply is designed to be capped at 21 million.

This finite-supply imposes a scarcity that affords it great intrinsic value that many don't recognize.

One should be buying bitcoin today because of that.

Someday, Giant Meteor will slam into the planet, destroying human civilization in its entirety.

Such eventuality imposes a finite-supply on equities that afford great intrinsic value that many don't recognize.

One should be buying equities today because of that.

ROTFLOL

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37 minutes ago, DrStool said:

BTC may be finite, but the number of cryptos is infinite and they all do essentially the same thing. 

Nothing. 

We had NFT‘s, we had SPAC‘s, we have cryoto, all a sign of absolute and total mania and misallocation of capital in epic proportions.

Given all that stocks in general should be down much more. 

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2 hours ago, Jimi said:

Bitcoin supply is designed to be capped at 21 million.

This finite-supply imposes a scarcity that affords it great intrinsic value that many don't recognize.

One should be buying bitcoin today because of that.

Someday, Giant Meteor will slam into the planet, destroying human civilization in its entirety.

Such eventuality imposes a finite-supply on equities that afford great intrinsic value that many don't recognize.

One should be buying equities today because of that.

 

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2 hours ago, Jimi said:

Bitcoin supply is designed to be capped at 21 million.

This finite-supply imposes a scarcity that affords it great intrinsic value that many don't recognize.

One should be buying bitcoin today because of that.

Someday, Giant Meteor will slam into the planet, destroying human civilization in its entirety.

Such eventuality imposes a finite-supply on equities that afford great intrinsic value that many don't recognize.

One should be buying equities today because of that.

how about the finite supply of  gold plated Escalades

What's Money When You've Got Gold? Kcee Shows off Customized Gold Plated  2014 Cadillac Escalade | BellaNaija

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1 hour ago, fxfox said:

We had NFT‘s, we had SPAC‘s, we have cryoto, all a sign of absolute and total mania and misallocation of capital in epic proportions.

Given all that stocks in general should be down much more. 

Should be? What does "should be" mean in relation to the stock market? 

There is no "should." There is only "is."

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Now that's what I call "shorting:"

 

“The tallest high-rise in Texas has now been scaled back to 45 stories. Instead of soaring 80 stories — 1,035 feet tall — and having 450 apartment units, Wilson Capital, the Austin-based real estate firm developing the project, now envisions a building with 350 apartment homes in a 45-story tower. ‘Changing market conditions, notably rising construction costs and interest rates, have driven our firm to be very selective about which projects to move forward with and how to go about programming them,’ said Taylor Wilson, president of Wilson Capital. ‘Projects and designs that made sense in 2021-2022 do not necessarily work in the current environment.'”

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From Toronto:

 

“Anna Wong, real estate agent at Strata.ca in Toronto, says the downturn in the broader real estate market has exposed the risks of betting too heavily on future prices. ‘This market actually teaches people a lesson on preconstruction,’ she says. ‘People, sadly, are being burned by it.’ In one case, the original buyer of a one-bedroom, 648-square-foot unit at 88 Queen Condos paid $810,000 a couple of years ago. The buyer tried to sell the contract in the assignment market for $909,000, then recently dropped the price to $860,000 after 86 days on the market. But Ms. Wong points out that a buyer can purchase a unit of a similar size in the resale market for about $700,000. ‘They push preconstruction out like crazy,’ Ms. Wong says. ‘There’s so much hype. It’s a great investment – only if the market is with you.'”

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