{"id":65979,"date":"2021-04-10T02:15:06","date_gmt":"2021-04-10T09:15:06","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=65979"},"modified":"2021-04-12T16:28:40","modified_gmt":"2021-04-12T23:28:40","slug":"black-coffee-10-apr-2021","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id65979-black-coffee-10-apr-2021.html","title":{"rendered":"Black Coffee: Playing a Losing Game"},"content":{"rendered":"

\"\"It’s time to sit back, relax and enjoy a little joe …<\/em><\/p>\n

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.<\/p>\n

Now that springtime is in full swing, I hope everybody had an enjoyable week. Without further ado, let’s get right to this week’s commentary …<\/p>\n

You’ve got to be very careful if you don’t know where you’re going, because you might not get there.<\/em><\/p><\/blockquote>\n

— Yogi Berra<\/strong><\/p>\n

I don’t mind losing, but I don’t like losing to cheats.<\/em><\/p><\/blockquote>\n

— Pete Waterman<\/strong><\/p>\n

Credits and Debits<\/strong><\/p>\n

Debit:<\/strong><\/span> Did you see this? A California home in a Sacramento suburb received 122 offers in a single weekend amid a skyrocketing US real estate market. The modest 1400-square-foot home was listed at $399,900 and received at least one offer above $500,000. No, really<\/a>.<\/p>\n

\n

Its all in the chart….
\n3 huge bubbles over the past 25 years, each bigger than the previous. With each bubble bursting, the Fed forces rates lower & lower – creating even bigger imbalances.
\nThe Fed normalize? Then the entire house of cards comes crashing down. YCC it is! pic.twitter.com\/q4PtqHBFNA<\/a><\/p>\n

Peter Schmidt (The 92ers) (@The92ers) April 9, 2021<\/a><\/p><\/blockquote>\n