Should stock valuations track this same decline in profits, it’s entirely reasonable to expect the stock market to lose 2/3 of its valuation premium.

We’d rather risk societal collapse than face the sacrifices and challenges of revolutionizing our unsustainably neofeudal economy and broken gears of governance.

Let’s review how to select a town that the rich won’t ruin via gentrification / swarming in en masse and driving out locals who have to work for a living.

This is the direct consequence of the Federal Reserve’s decades of unprecedented stimulus: extremes of wealth and income inequality that gave the wealthiest households the means to bid up housing to the point it’s no longer affordable to the bottom 90%.

The whole point of democracy and free markets is to force competition on elites who are desperate to eliminate competition.

If you want to understand the neofeudal reality, study these charts.