It’s Good To Be The 1% – For Now
Existing home sales fell in August because Blackrock and the rest of the Wall Street hedgies stopped buying them with your tax dollars, provided interest free by the Federal Reserve. Anyone lured into buying a house in the last two years is about to get a rude awakening. They are now underwater on their mortgage. But, the true constituents of the Federal Reserve are still partying. The .1% are still winning. FOR NOW.
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