05_never_again
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It also disproportionately affects people who aren't wealthy, famous, or a member of a designated vanity or victim group. It probably has its biggest impact on rural and suburban, lower-middle to lower-income people in flyover country. It's like the missing persons case of a 55-year-old guy. Nobody cares.I don't think many people outside of healthcare workers who specialize in addiction or emergency medicine and law enforcement have any idea the magnitude of the problem.
I can't wait to see how difficult the State of California makes it for them to rebuild like how it used to be. It is absolutely going to fuel more exits from the state.It’s going to fuel more exits from Cali. They’ll take their insurance settlements and move to Nashville turning it even more blue.
There’s going to be a building boom in Southern California. I have no idea which companies have large footprints in that area. Lowe’s? HD? Which home builders?
The mortgage companies that HOLD the mortgages might get a windfall by getting rid of legacy low interest loans. Wells Fargo used to write them AND keep them. They sold mine last year but I don’t know if that was an anomaly or a change in their business model. I would think that Wells is a big player on the west coast. Their corporate HQ is in San Francisco.
Insurance companies will take hits in the near term, but then use the claims to petition state insurance commissions to allow even more rate hikes. They’ll be good buys after they find bases. Might take a couple of years though.
Hopefully the DOGE boys can have an impact with the size, scope and expenditures on govt bureaucracies. We will see.Maybe so since interest rate cut expectations are being factored out. But higher interest rates will make it more difficult to cut the deficit and debt.
They will only ever do something when or if the bond market forces them to. And honestly, despite the seemingly ever-increasing debt to GDP ratio we seem a long way from that, and there are many other countries that are in even worse shape.Hopefully the DOGE boys can have an impact with the size, scope and expenditures on govt bureaucracies. We will see.
At some point, there’s going to have to be.a come to Jesus reckoning on this debt. Whether we tackle it now or let it self correct is up to these clowns in DC. The self correction is what worries me.
Have you seen Battersea PS ?