February 23, 2011
944. See how big the bubble is (1/25/2017)
17 years ago, I found the Feds moved the area residents away and bought in houses in large scale. (see #733, 734, 736. CASH FOR HOUSE). As early as 2003, I warned of a housing bubble. (see #180. Beware of housing bubble (11/16/03))That bubble keeps growing up until now. I think that's because They failed to eliminate Kat Sung. The result is: San Jose becomes No.1 highest median house price city (where I live) and San Franciso is the No.2. (Where my mother and sisters live).
Here is a chart of midian home sale prices of San Francisco. The curve is accordant to the persecution course the Feds apply on me. The unusual upward price started from 1993. Though the chart author thought there were two bubbles, it is still a big one in fact. The bubble stopped growing up in 2008 due to financial tsunami but the Feds managed to prevent it from breaking. The down turn was mild. Even in lowest point of 2011, it's 695,000. Double the amount of starting price.
From steep curve you may see how big this bubble is.
Report: San Jose, Not San Francisco, Has Highest Median Home Price In Country
BY JACK MORSE IN NEWS ON AUG 12, 2016
San Jose, with a median home price of $1,085,000, currently ranks as the most expensive metropolitan area for would-be home owners. The second most expensive? That would be San Francisco coming in at $885,600.
945. The 2017 bubble(2/1/2017)
It was the popping up of the housing bubble that caused the financial tsunami in 2008. The bubble hasn't been cleaned up completely. The real estate loan were lended from banks. No big bank collapsed. They were bailed out by government with tax-payers' money. The banks still held large quantity of foreclosured houses. Then we saw Federal Reserve's Quantitative easy programme. That money took over the foreclosure houses for a larger bubble. QE3, where the central bank had spent close to $40 billion per month in mortgage-backed securities. So much money injected into real estate's area, that's why I said there is only one bubble - the 2007 one hasn't been cleaned up and the residue has been extended to a even bigger one - I call it 2017 bubble.
A bubble needs money to keep it to inflating. Federal Reserve had spent nearly four trillion to blow up such a big real estate ballon. It seems they don't want to pour money into that hole any more. So a crook is pushed out to take that responsibility.
I say 2017 bubble because: 1. Federal Reserve said it likely will increase interest twice this year - that will pop up the housing bubble.
2. The unprecedented 2016 election in US that put an unqualified man on president seat. I said something big will happen that nobody (party) want to take the responsibility. (see "902. Trump's job (2) (5/7/2016)")
3. Something big (other then the coming economic crisis) will take place in Europe: War; natural disaster; terror attack.... to distract people from that economic crisis, and drive the money in Europe to US to take over the bubble too. It relates to Russian. I believe Putin is bribed by the Feds to cooperate on this. Trump's Russian love is not a coincidence.
February 23, 2011
946. Two unprecedented big bubbles(2/8/2017)
Real estates bubble.(see chart at #944) Stock market bubble.
You don't have to be an expert to realize the two big balloons Americans are facing. Yet where are those professionals, economical officials and media people? In coming months, you will see a lot of news, events to encourage people to jump into the speculation pool to buy the securities, houses.
Trump to Halt Obama Fiduciary Rule, Order Review of Dodd-Frank
Katherine Chiglinsky, Justin Sink, Elizabeth Dexheimer
Bloomberg February 2, 2017
President Donald Trump will halt an Obama administration regulation, hated by the financial industry, that requires retirement advisers to work in the best interests of their clients, while the new administration reviews the rule.
The president also will order a review of Dodd-Frank Act rules enacted in response to the 2008 financial crisis, a White House official said. Trump is scheduled to issue the directives at a signing ceremony around noon on Friday following a meeting of more than a dozen top corporate executives led byBlackstone Group LP Chief Executive OfficerSteve Schwarzman.
Trump is going to open a pandola box to release financial demons. Those demons had caused 2008 financial tsunami, were locked up by Obama, Trump wants to free them to make America greater?
It's funny that they accuse Clinton represents the interest of Wall Street. What about Trump?
Read 2 and 3 of last message(#945) to see how the Feds rule this country.
947. Why Trump kneels to China (2/15/2017)
Trump has said "US doesn't 'have to be bound' by 'one China' policy." But he abrubtly changes the tone.
Trump Just Promised To Respect The “One China” Policy: Here’s What That Means
James Holbrooks FEBRUARY 11, 2017
President Donald Trump, according to official statements, has agreed to change course and abide by the ‘One China’ policy.
Now, with Trump seemingly succumbing to the will of the Chinese leader, many analysts are saying the new U.S. president has lost serious face.
“There is certainly a way of negotiating with the Chinese, but threats concerning fundamental, core interests are counterproductive from the get-go,” he said. “The end result is that Trump just confirmed to the world that he is a paper tiger, a zhilaohu — someone that seems threatening but is wholly ineffectual and unable to stomach a challenge.”
What makes Trump bend to China? He has to follow his master - FBI's order to make another secret deal with China. He did one in November 2016,
11/14/2016, Trump confirmed the secret deal with Chinese leader in a phone call.
11/15/2016, Payment to confirm the deal. China's most-wanted corruption suspect returned to China from the United States on Wednesday after turning herself in. (see #935)
That secret deal (frame a drug case to eliminate Kat Sung and his relatives) failed to go through. Now something happens that the Feds hurries up for a new deal.
2/8/2017, Trump wrote a letter to Chinese president Xi.
2/9/2017, Trump, in phone call with China's Xi, agrees to honor 'One China' policy.
2/10/2017, Payment to confirm the new deal.
China says gets another graft suspect back from U.S.
By Reuters 10 February 2017
BEIJING, Feb 10 (Reuters) - Another Chinese corruption suspect who had fled to the United States has given herself up and returned home, the ruling Communist Party's anti-graft watchdog said on Friday, in a further victory for China's overseas hunt for fugitive officials.
The framed case likely follows the old style - a drug smuggling case organized by Chinese secret police
and will break out in US - may be as early as this month.
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