I was just thinking with all of the tourists, in addition to all of the new immigration into Japan that the weak Yen may be intentional. I recall hearing something about how in the late 80s the international banking community used some finical tools to suffocate Japan's economy so I'm curious if there is something else going on with Japan right now.
I'm completely blind about what is going on with Japan in terms of its economic health. So curious if there are any explanations for Japan's weak Yen.
You're gonna have to trust me when I say that I don't give two shits what the Cato institute thinks. The peak in the housing market was prior to 2020. A new artificial peak was created off of interest rates creating a "refinance boom". Since then not only have we been seeing a litany of mortgage business collapse, several banks have refused to do new mortgages (including Wells Fargo), and I will remind you that banks were going under too.
Every mechanism, including government fraud, is being used to prop up the market. Delinquencies are up, consumer fraud is up, every indicator of a horrible housing economy is up. The housing market is dead. We are already well into the decline phase, and are going to move towards free fall when the Fed tries to do to Trump what the Bank of England did to Liz Truss. We just haven't hit the floor yet.