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A comment on Baby boomers are becoming homeless at a rate not seen since the Great Depression. Parent comment

Re:Baby boomers are becoming homeless at a rate not seen sin... by titzer on Monday September 25, 2023 @10:27AM (#37644354)
> the ability of large companies to buy up whatever is on the market,

And that has a simple cause: they created too much money to prop up both the housing and stock markets.

We're in an inflationary debt spiral that has a very high chance of going the same route as every other one in history; completely devaluing the currency, defaulting on debt, and issuing new currency. The rational play in such a scenario is to take on more debt to buy assets, because the debt will be wiped by inflation. Which is exactly the energy powering the debt spiral. It's nearly impossible to fix.

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Re:Baby boomers are becoming homeless at a rate not seen sin... by mindslight on Monday September 25, 2023 @10:46AM (#37644705)
Raise the government-set interest rates and keep them there, let overextended private parties (like highly leveraged asset owners) actually default en masse, and slowly pay down the government's external debt by moving it to the federal reserve. I'm not saying that the metastasized finance industry will let this happen, but there is a way out.
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Re:Baby boomers are becoming homeless at a rate not seen sin... by titzer on Monday September 25, 2023 @12:29PM (#37646496)
I agree with those things, but we both see how unworkable it is. It hurts the monied class and edifice that holds up the house of cards made of people who produce no real value other than pulling levers in the casino.
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