Z
Zillow Group Inc - Class C
stock NASDAQ

Gen Z is racking up credit card debt faster than any other generation, per Bloomberg.
Don’t worry they’ll cancel your student debt and credit card debt

Regardless of what your plan looks like, one step needs to be: Cash out X% when BTC increases by Y% in Z timeframe.

Wow less than 1% of people who try actually get theirs forgiven. Apparently it's kind of a scam with the number of loopholes that many people find out in the 120th month that for reasons X, Y, and Z that they won't be forgiven

America's society did take a bit of a dump in the past few years, compared to other developed world, but the level of discontent amongst Gen Z is disproportionate. And none of what you say justifies the "tankism" that I see taking hold.
Re home ownership, the US is probably the easiest developed country to come into home ownership - try owing a home in London, Berlin or Toronto.

Some strong statements in this one. Is it possible that Gen Z sees the flaws in America’s economy and society? Most of them will struggle to every purchase a home at this rate. You can understand their frustration. Rather lazy to blame a singular app at the reason the vote left.

>If the Russians launch a couple nukes you gonna sell something for a piece of paper.
No....but....I'd rather have something like Bitcoin than an ages old metal that the new generations (Gen Y, Z, Millenials) are totally uninterested in.

No, but TikTok can't win here, and rightly so - Meta or Twitter isn't allowed to operate in China, so why should TikTok be allowed to operate in America, or any democratic country for that matter? India already took action and banned it.
TikTok absolutely pushes pro-PRC and anti-West content. All major companies in China have a CCP committee that they answer to, like a second board of directors. TikTok's popularity also coincides with the rise of anti-West sentiments amongst Gen Z, showing significant gap even compared to millennials, and confirmed by Pew Research polling. I personally see A LOT more tankies online than ever. You think China's State Security isn't involved with content moderation and promotion on TikTok? Then you are a fool.
The Pentagon did want to do something similar on Instagram and Twitter, in order to improve the image of the US armed forces. According to Reuters, these companies, being the independent private entities that they are, caught this campaign and nipped it in the bud. Now, is anyone taking bets on whether TikTok is doing the same with their CCP overlords?

Bro, 10 year has taken a nose dive. Mortgage rates are moving down into peak Spring selling season. Also, the vast majority of current homeowners have a 30 year mortgage (with tax deductible interest) that is below 4%. You can buy a T Bill today that pays more than that! Inventory of homes for sale will be paltry, as years and years of Gen Z and Millenials emerge from their parents basements looking to buy their first house.
Conclusion, home prices are at no risk of significant downside.

With all the claptrap out there, let's simplify why the CRE (Commercial Real Estate) market has entered a negative feedback loop **that we've seen before**. I won't review SVIB, SBNY, etc. bc that horse is dead.
Assumptions:
1. CRE is a lot worse than SVIB et al. Why? Because SVIB was able to sell their investments at a loss; its a lot harder to sell an office building, no?
2. CRE is experiencing:
1. rising vacancies in office, malls, tech centers - everything. Reasons why: Covid, work at home, Gen Z laziness, etc. Up until now though it wasn't bc their weren't loans to be had.
2. loans done at low interest rates that are losing principal value.
3. First occurrences of institutional borrowers walking away from properties.
3. Annual loan covenant checks by banks are coming up in Q2 mostly. Due to #1 and #2 above, those reviews are not going to go well. Result? more asset write-downs by lenders to CRE.
4. After 2008, if anyone remembers (I do bc I had clients complaining about it), the TBTF banks stopped lending to any project below $50 million. Why? Bigger loans = bigger fees.
5. Mid and small community banks picked up all of that CRE lending slack. Yup.
6. But they now have smaller deposit bases (limits lending) due to SVIB crisis (deposits have fled small & mids to the devil. I mean JPM, BAC, CITI, etc.)
7. Small & mids can't lend at the same volume as before bc of #6 & they simply won't bc they want to stay in business and out of jail.
8. Result? CRE lending market completely seized up. Literally no new CRE loans are being done.
The Initial Flush:
* deposit bases shrink ---> more conservative lending---> CRE market capital supply OFF ---> borrowers' credit facilities reworked but no new funds able to be withdrawn = property owners have less operating capital.
The LOOP:
* Further declines in asset value (if you can't pay the maintenance crew, the property goes to crap) ---> more losses for the lenders as their collateral keeps dropping ---> and repeat ad infinitum. YES - very oversimplified but you don't have to be Mensa to see the loop.
Result: negative feedback loop that cannot be escaped.
What's the worse case scenario? Bailout. What do I think will happen? Bailout. But by JPM et al. But no matter how you slice it, the CRE market has already started down the toilet drain; Flush momentum is just starting. Do I think its the apocalypse? No, save that for derivatives.
It does not matter what Yellen, or JPowz, or Cramer or anyone says - the CRE flush has already started; now we are just waiting for the first lenders or borrowers to cry uncle.
I will leave you with this: remember that the GFC happened in slow motion before gaining speed; *straight from Wikipedia:*
1. 4/2/2007 - New Century REIT files Chapter 11
2. 7/2007 to 9/2007 - various banks fail due to mbs etc.
3. **9/18/2007 - the Fed starts REDUCING RATES. Remember this when the Fed does the same and everyone breathes a sigh of relief.**
4. 12/2007 to 3/2008 various banks went under or were bought at firesale prices (remember Countrywide Financial?)
5. 3/17/2008 - Stearns had $46b in mortgage assets and $10 TRILLION in total assets and it was sold for $10 per share. Offer was originally $2. A week prior it was at $60, a year prior at $178. Buyer? THE DEVIL - I mean JPM.
6. 7 -9/2008 - Indymac fails, Fannie and Freddie taken over by the US government.
7. 9/18/2008 - The Feds say "no soup for you" to Lehman Bros after they asked for the same thing Stearns was given. Lehman goes bye bye. As does Merril - bought by BAC.
From there it just got worse as the momentum picked up bc all the parties owned each others crap - sound familiar?
Obviously I left a lot out in terms of dollar figures and blah blah blah but the point is, all the "experts" reassured people from July 2007 to the Fall of 2007 that everything was fine, when it was actually gaining speed to the downside. There is only one thing that could fix this: access to credit - which won't happen until many CRE related companies fail or are acquired at firesale prices.
Where do I think we are today in CRE? Between #1 and #2. When, not if, #3 happens, it will just increase the speed of the CRE flush.
TL/DR: this is 2008 all over again and the CRE market will be the Queen of the Ball this time.
And JPM is SATAN.
Thankyou. I look forward to being told I am wrong.

Finally someone’s made a graph that fully incorporates every single aspect of the world economy, now based of the Z axis we can infer that we are in a moose market

While I agree that it's easy to learn more about finances, I disagree with sentiment that "getting side hustles and increasing income" is easy and will solve problems. Even if it does, a single mom working a primary job while having X, Y, and Z hide hustle should not be normalized.
Being a single mom without any skills and barely scraping by... Makes it difficult to just "increase" their income. Should said individual have had a kid? Probably not, but that's the reality.
"Make more money" shouldn't be the answer to everything.
Furthermore, the sample you're referring to that have side hustle is a rather extremely small subset of the general population and is not generalizable.

I hate to burst any millennial and Gen Z bubbles here, but the republican's aren't going to pay or sign any bills paying for their worthless college degrees in the next 4 years. Biden knew this, and that's why he offered it, because he never would have to actually do it.

Yeah, and even Gen Z boomers. Both groups drive me fucking mental

Definitely. Investor Day or Imposter Day, find out on the next episode of Dragon Ball Z

it means when you are awake and not on your bed catching some Z's, dumbo

You’ve obviously never seen Dragon Ball Z

Gen Z is absolutely fucked. Not only the children of gen x who weren’t that rich but also just ballooning credit debt. They won’t even get a solid inheritance. I would feel bad but those haircuts, they deserve it ong fr fr

Gen Z gonna complain about the gubment not paying of their cards.

At least inflation increases the flow of money and wages. Americans have had stagnant wages since the GFC, American have been piling up debt, and most Americans have little to no savings. Inflation doesn't hurt the average man as much as the Warren Buffett who's holding billions in cash and bonds. In fact this inflation period has been the only period since the GFC when workers have had pricing power for their labor to demand wage increases.
Who the fuck is going to pay the $31,600,000,000,000 that the US owes? The boomers who racked up this debt burden while basically consuming the planet's resources in a single generation while trashing it up? Gen X, Y, or Z? Rep? Dems? You pay it off via inflation instead of adding 5% interest on top of it.
The "Inflation boogeyman" is mentioned by the news and politicians and pushed as a narrative because they serve the rich and old. Old boomers vote and watch TV. Old boomers are the ones that are retiring and can't get wage increases. Boomers are the ones that get hurt the most when their senior discount breakfast goes from $6.99 to $7.99 but their bond savings don't increase as much. Politicians have always sold out to the rich. The rich are the ones holding cash and other people's debt which inflation would hurt. The poor are the ones with debt burdens that get lighter with inflation. I sure hope you're a rich boomer and not young & poor because that would at least mean you're not a gullible fool.

about 0%, because even if AI becomes dominant
(a) Company X's AI will try to outperform Company Z's AI;
(b) there are still going to be real-life people looking to exploit inefficiencies;
(c) AI is programmed by people to begin with, so garbage in/garbage out.